It’s no secret that China has a clear disdain for all things crypto, as was highlighted last year when the country It was decided to ban the digital asset sectorIt in all its entirety. However, the nonfungible token market (NFT), which is a niche of the crypto industry has been thriving in the region despite being banned. Some negative developments have made this unlikely.

This is why many internet businesses and local social media platforms are available. Continued updating their policiesThey sought to limit and in some instances, eliminate NFT platforms entirely from their networks. This was based on a lack regulatory clarity, but more importantly they feared a government crackdown on their daily operations.