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CoinGape 2022-03-23 10:45:58

Chinese Internet Giants Tencent And Alibaba Are Tightening NFT Rules, Here’s Why

Chinese internet giants Tencent and Alibaba have tightened certain rules on their respective NFT marketplaces, as part of preemptive measures to avoid any further regulatory crackdowns in the country. NFTs represent a gray area in China’s otherwise anti-crypto stance. NFTs are considered as “digital collectibles” under Chinese law, and are still technically legal to distribute The post Chinese Internet Giants Tencent And Alibaba Are Tightening NFT Rules, Here’s Why appeared first on CoinGape.

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