China’s WeChat Bans Accounts Trading in NFTs – SCMP

WeChat, the Chinese social media platform, has banned secondary trading in non-fungible tokens (NFTs), the South China Morning Post reported.

The move by the Tencent-owned site is in reaction to a government edict that bans speculation in NFTs and other digital assets, the Hong Kong paper said.

Read the full report: South China Morning Post.

READ MORE:

US Charges OpenSea Ex-Employee With NFT Insider Trading

Popular NFT Game Stepn Cuts Off China Users – CryptoSlate

Singapore Court Freezes ‘Bored Ape’ NFT – The Times

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

You Might also Like

Canada Bans China’s WeChat on State Devices Over Privacy Risks

China’s Tencent Signals ‘Hunyuan’ AI Chatbot Launch

Hong Kong Banks on Lavish Parties to Woo China Crypto Firms

Chinese State to Launch Ride-Hailing, Transport Platform