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China’s WeChat Bans Accounts Trading in NFTs – SCMP

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

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WeChat, the Chinese social media platform, has banned secondary trading in non-fungible tokens (NFTs), the SCMP reported.
Paintings by Thai artists that can be purchased as non-fungible tokens (NFTs) are seen at a show in Bangkok in March. File photo: AFP.

 

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.

 

 

 

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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.

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