Friday, 24 March, 2023

Tencent and Ant Group pledge to ban NFTs and cryptocurrency exchanges

<p>A proposal to ban cryptos and digital collectibles (NFTs), as well as a pledge not to create secondary markets, was signed by major Chinese tech companies. Ant Group and Tencent joined a self-driven industry campaign against cryptocurrencies and combat speculation. A joint statement by China&#39;s National Internet Finance Association, China Banking Association, and Securities Association of China forbade the use of NFTs in the issuance of financial assets.</p>