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Tencent Chinese tech giants and Ant Group restrict NFTs and crypto


Regarding the South China Morning Post, Tencent and Ant Group entered a self-run enterprise to prohibit cryptocurrency and debate assumption

On Monday, Chinese internet and tech giants pledge an industry to prohibit cryptocurrency and digital collectibles (NFTs), with a commitment not to inaugurate secondary marketplaces.

Regarding the post of South China Morning, Tencent and Ant Group entered a self-run enterprise to prohibit cryptocurrency and debate assumptions.

Outlets which trade digital collectibles “shall impose real-name authentication of those who publish, trade and purchase” the possession and “only fund valid tender as the sect and payment currency”, regarding the statement approved by China’s biggest tech companies.
“Do not include monetary investments or unlicensed monetary properties, encompassing securities, insurance, value and rare metals, in blockchain funded goods,” it expanded.

the National Internet Finance Association of China, the China Banking Association, and the Securities Association of China published a mutual statement to ban the usage of NFTs in the allotment of monetary purchases.

The new enterprise named on tech companies not to “arrange a centralized marketplace” for requesting, conforming, or unidentified NFT deals.

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