• About Us
  • Jobs
  • Contact
  • Login
  • Register
Crypto Mufasa
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us
No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us
No Result
View All Result
Crypto Mufasa
No Result
View All Result
ADVERTISEMENT
Home NFT News

China to launch first national NFT marketplace shortly

Hania by Hania
December 29, 2022
in NFT News
Reading Time: 2 mins read
A A
0
Blur Raises A Royalty Battle With OpenSea And Proposes A Blocking Platform
Tweet

In Brief:

  • Related articles
  • Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops
  •  A Step-By-Step Guide To Understand Arbitrum’s (ARB) Token Airdrop

As a secondary market for NFTs and digital asset copyrights, the platform will be backed by the state.

China will launch its first regulated trading platform for nonfungible tokens (NFTs) on Jan 1, 2023, according to a report published by local news outlet Sina News on Dec 28.  A secondary market has been created for the exchange of NFTs by the government-owned Chinese Technology Exchange, Art Exhibitions China, and a private company, Huban Digital Copyrights Ltd.

Related articles

Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

March 20, 2023
Crypto Airdrops: Are They Really Safe? "The Ultimate Guide"

 A Step-By-Step Guide To Understand Arbitrum’s (ARB) Token Airdrop

March 17, 2023

China to launch first national NFT marketplace shortly

In addition to NFTs, the platform will facilitate the trade of copyrights related to digital assets. According to someone familiar with the project, it aims to “regulate and avoid excessive speculation in secondary [NFT] markets.” An expert on digital assets and metaverse developments in China, Yu Jianing, commented in an interview:

“Digitized assets represent a new form of commerce in terms of industry supervision and regulation, and many laws, regulations, and supervisory policies need to be refined. The situation is therefore uncertain. Platforms are responsible for listing and trading digital assets. Digital assets face a greater risk of regulatory soundness than intellectual property rights and digital copyrights.”

China’s Hangzhou Internet Court, which specializes in internet-related legal disputes, ruled previously on Nov. 29 that NFTs are virtual property protected by law and that they “have the object characteristics of property rights such as value, scarcity, controllability, and traceability.” Although the possession of cryptos is recognized as virtual property protected by law, cryptocurrency exchanges have been banned in China since 2021.

Tags: BLOCKCHAINcryptoNFT
Tweet47Share76ShareSendPin17ShareSend
ADVERTISEMENT
Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

Related Posts

Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops
General News

Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

March 20, 2023
Crypto Airdrops: Are They Really Safe? "The Ultimate Guide"
NFT News

 A Step-By-Step Guide To Understand Arbitrum’s (ARB) Token Airdrop

March 17, 2023
Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops
NFT News

Scam Alert: Fake Blur Airdrop Websites Have Stolen $300K

March 17, 2023
Snoop Dogg Becomes Co-Founder Of Web3-Powered Live Streaming Platform
NFT News

Snoop Dogg Becomes Co-Founder Of Web3-Powered Live Streaming Platform

March 6, 2023
Whale Sell-Off- 1,010 NFTs Sold for $18.6 Million in Record Time
NFT News

Whale Sell-Off: 1,010 NFTs Sold for $18.6 Million in Record Time

February 25, 2023
wazirx nft market place shut down
NFT News

WazirX Closes NFT Marketplace Without Notice, Sparks Backlash

February 25, 2023
Bored Ape NFT Valued $147,800 Stolen In A Phishing Attack
NFT News

Bored Ape NFT Valued $147,800 Stolen In A Phishing Attack

February 24, 2023
Spotify Is Experimenting With Token-Enabled Music Playlists
NFT News

Spotify Is Experimenting With Token-Enabled Music Playlists

February 23, 2023
Cardano NFTs: How Do I Buy Them?
NFT News

Cardano NFTs: How Do I Buy Them?

February 22, 2023
Load More
  • Trending
  • Comments
  • Latest
OKX: An all-in-one trading platform that supports cryptos, derivatives, staking, and lending

OKX: An All-in-one Trading Platform That Supports Cryptos, Derivatives, Staking, And Lending

December 27, 2022
Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

Scam Alert: This Email Can Drain Your Crypto and NFT Wallet

January 21, 2023
Crypto Airdrops: Are They Really Safe? "The Ultimate Guide"

 A Step-By-Step Guide To Understand Arbitrum’s (ARB) Token Airdrop

March 17, 2023
HappyMiner

Earn Passive Income Cloud Mining With HappyMiner

March 19, 2023
Bitcoin ATM Rise Or Fall: In Less Than 60 Days, More Than 400 Machines Went Offline

Bitcoin ATM: How to use them?

1
All You Need To Know about Defi (Decentralized Finance)

All You Need To Know About DeFi (Decentralized Finance)

1
Robinhood enables the Web3 Wallet beta accessible to 10,000 users

Robinhood enables the Web3 Wallet beta accessible to 10,000 users

1
Mastercard Introduces a New Tool to Prevent Crypto Fraud

Mastercard Introduces a New Tool to Prevent Crypto Fraud

1
Crypto.com Will Be Laying Off 20% Of Its Workforce In 2023

Crypto.com Is One Step Closer To Obtaining An Operating License In Dubai 

March 20, 2023
Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

March 20, 2023
Bitcoin ATMs Manufacturer Has Shut Down Its Cloud Service Following The Hacking Of Its Users 

Bitcoin ATMs Manufacturer Has Shut Down Its Cloud Service Following The Hacking Of Its Users 

March 20, 2023
Bitcoin’s Best January In 10 Years, With A 39.6% Gain For The Month

Bitcoin Hits $28k As Unpredictability Surrounds Banks

March 20, 2023
Crypto Mufasa

© 2022-2023 CryptoMufasa.com
All Rights Reserved!

Navigate Site

  • Contact
  • Terms Of Service
  • Privacy Policy
  • Crypto Prices
  • Crypto Exchanges
  • Work With Us

Follow Us

No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us

© 2022-2023 CryptoMufasa.com
All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In