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NFTs Suspended on WeChat

China’s popular WeChat messaging app has suspended some accounts linked to non-fungible tokens (NFTs), to prevent speculation in the digital assets. The platform says it has “rectified” accounts which it found to be promoting NFT market speculation, that can help to drive up prices. There are no regulations against NFTs in China, although the trading of cryptocurrencies was banned last year. Should NF be regulated globally ?

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