The Supreme People’s Procuratorate said prohibiting transactions in cryptocurrencies is an important safeguard for the digital collectibles industry.
May 23, 2023Hainan authorities issued a notice highlighting the risks of fraud, money laundering, and illegal fund-raising in relation to digital collectibles, the term used for NFTs in China.
February 3, 2023The platform will allow users to register, store and protect intellectual property rights and digital collectibles.
January 4, 2023Tencent and Ant Group are among those that have pledged to adhere to China's crypto ban and prevent speculation on platforms that deal in 'digital collectibles'.
July 8, 2022The court penalised an NFT marketplace for failing to subject an artwork to review and meet its obligations to protect against intellectual property theft.
May 1, 2022China’s internet finance, banking and securities associations have outlined six measures to curb "NFT financialisation and securitisation" and prevent NFT-related illegal activity.
April 18, 2022NFTs in China are sold in yuan rather than crypto, do not use public decentralised blockchains, and cannot be resold after purchase.
March 29, 2022The project is led by Tencent, with support from other companies, universities and institutions including Ant Group.
February 15, 2022