• Crypto-skeptical country eyes state-run NFT industry

    4 days ago - By RT

    China pursuing use of blockchain and NFTs that is entirely separate from cryptocurrencies
    China's state-backed Blockchain Services Network has announced plans to roll out infrastructure that would allow individuals and businesses to make, sell, and buy non-fungible tokens .
    According to He Yifan, chief executive of Red Date Technology, a company that provides technical support to BSN, NFTs “have no legal issue in China” as long as they distance themselves from cryptocurrencies like Bitcoin. Last year, China banned all crypto transactions, urging citizens to “stay away” from them.
    He told...
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