CHINA WANTS NFTS BUT ON THEIR OWN TERMS

Last updated: June 16, 2025, 13:28  |  Written by: Cameron Winklevoss

China Wants Nfts But On Their Own Terms
China Wants Nfts But On Their Own Terms

In China

In China, NFT are referred to as ‘digital collectibles’ rather than ‘tokens’ since the Chinese government is opposed to cryptocurrency. A cryptocurrency is a digital or

Tech giants Alibaba, Tencent, and Bilibili, among others, all have their own ‘digital collectibles’ but have banned the reselling of NFTs amid a tough regulatory environment.

How the Chinese Government Is Trying to Reinvent the NFT

In China

Yet while its role has traditionally been to control the internet domestically, the Chinese state is now taking further steps to curb the influence of international blockchains and

In China, tech giants hoping to hop on the bandwagon have issued their own NFTs, while emphasising they're not linked to cryptocurrencies, which are banned in the country.

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Cameron Winklevoss can be reached at [email protected].

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