China aims to separate NFTs from crypto via new blockchain infrastructure
China does not want its crackdown on cryptocurrencies to cause the country to fall behind in the NFT boom. China is planning to draw a clear line between cryptocurrencies and nonfungible tokens (NFTs), pretty much the same way it did with its digital currency efforts, before the crypto crackdown in the country harms the local NFT industry.The Blockchain-based Service Network (BSN), a government-backed blockchain project in China, is working on infrastructure that would support businesses and individuals to build platforms and apps to manage NFTs, the South China Morning Post....
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