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131 shares, 344 points

According to Chinese crypto blogger Colin Wu, Chinese regulators are in talks with major internet companies about the use of non-fungible tokens (NFTs). NFTs have been forming an important part of the Bitcoin and altcoin ecosystem lately.

Claim for China and this altcoin market: Banned?

“Chinese authorities are strengthening their surveillance of NFTs and talking to major internet companies,” according to Wu Blockchain, who tweeted about the NFT ban today on the morning saadollarseries. According to the Blockchain researcher, who always includes news from China on his Twitter page, “China will no longer allow the use of NFTs”. However, digital collections will be allowed.

Nevertheless, local internet giants and other big companies are still actively entering the NFT space. Cryptocoin. com

As we reported , McDonalds in China has released 188 NFT sets to present to its employees and customers in honor of the company’s 31st anniversary of its presence in China. These NFTs were called “Big Mac Rubik’s Cube”.

https://twitter. com/WuBlockchain/status/1451722032094191616

Wu Blockchain, on the other hand; He reminds that Tencent and Alibaba have also launched their NFT platforms, and DHL has also launched their NFT. In late September, China also banned Bitcoin (BTC) and cryptocurrency transactions, marking them as illegal. However, Chinese citizens are still legally allowed to own Bitcoin as a “digital property.”


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