Chinese Crypto Regulations Force NFT Gaming App Stepn to Block Mainland Users
China’s anti-crypto regulations have reportedly forced the non-fungible token (NFT) game, Stepn, to exclude users from the mainland starting on July 15. Shortly after the announcement, Stepn’s in-game cryptocurrency is reported to have briefly dropped by 38%. Stepn Adheres to Local Regulations China mainland users of the NFT gaming app Stepn will not be able to access the app starting on July 15, the developers have said. The blockade on users from this region is set to become effective when Stepn stops providing GPS and IP location services. Despite revealing the plans to....
Related News
In a move to comply with Chinese regulatory policies, Stepn will be blocking users based in mainland China from its mobile app. The nonfungible token (NFT) game Stepn will ban users in mainland China in an attempt to follow Chinese regulatory requirements.The company's uncertainty has been fueled by rumors that it will be forced to leave mainland China. STEPN is a popular "move-to-earn" game based on Solana and BNB Chain, created by two Chinese emigrants now living in Australia.On July 15, Stepn will clear all accounts based in mainland China for local compliance reasons. Before then, the....
CoinEx previously blocked access and terminated the registration of new users from mainland China in March 2019. CoinEx cryptocurrency exchange is winding down operations in mainland China to comply with local anti-crypto regulations.The company officially announced on Thursday that it was going to completely retire user accounts verified as mainland China citizens as well as those linked to a mobile phone number from mainland China.The exchange has asked mainland China-based users to withdraw their crypto assets from the platform before Oct. 31, 2021. CoinEx then plans to disable accounts....
The two popular twin tokens, STEPN (GMT) and Green Satoshi (GNT), plunged following the announcement that the app would ban players from mainland China. GMT fell from $1.24 to $0.83 following the ban announcement but has regained strength and is now at $1.05. The same thing happened with GST as it dropped by more than […]
Apart from trying to get rid of cheating and bots, Stepn is also working to limit its platform’s availability for users in mainland China. Solana-based move-to-earn application Stepn has reported multiple denial-of-service (DDoS) attacks in the aftermath of the platform proceeding with a major anti-cheating upgrade.Stepn took to Twitter on June 5 to report that the platform has suffered a number of DDoS attacks causing recovery maintenance and associated improper performance.1/2 We have been under multiple DDOS attacks in the past hours. Securing the servers and recovery may take anywhere....
STEPN, a crypto web3 app that enables people to earn rewards for exercising, announced a partnership with The Giving Block. According to a press release shared with Bitcoinist, the partners have enabled donations in the app’s native token GMT. Related Reading: Russia Plans To Roll-Out Its First Ever CBDC Soon The cooperation will focus on […]