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Chinese internet giants remove NFT platforms fearing gov’t crackdown -Breaking


China’s most popular social media sites and Internet giants have changed their policies regarding the removal of nonfungible tokens (NFTs) from platforms. This was due to a lack regulatory clarity and fears for government crackdowns.

WeChat, a Chinese social media company, reportedly deleted several accounts on digital platforms that were violating the rules. One of the top NFT projects was digital collection platform Xihu No.1. Dongyiyuandian, another platform, announced that their official app had been blocked. reported A local newspaper.