The suspensions are said to be aimed at stopping blacklisted accounts from being used to promote the NFT market.
Wechat, the Chinese messaging app, has reportedly suspended accounts that are linked to non-fungible tokens . The objective of the crackdown is to stop the use of the affected accounts in promoting NFTs.The Chinese messaging app Wechat recently acknowledged it had suspended some accounts which are said to be linked to non-fungible tokens .
The targeting of NFT-promoting accounts by Wechat appears to suggest that China, which currently does not have specific regulations against NFTs, is widening its crackdown on digital assets that began in 2021.published by Bitcoin.com News, Chinese authorities have been clamping down on bitcoin miners and cryptocurrency exchange platforms since mid-2021. The crackdown is believed to have forced some crypto miners and platforms to leave mainland China.
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