News Snapshot:
Even the Chinese government is down with NFTs now. China’s state-backed Blockchain Service Network is planning to roll out infrastructure enabling the creation and launch of NFTs by the end of this month. Yet with public blockchains and decentralized crypto assets prohibited in China, the country has largely sat out of the NFT boom. In a Medium post published on Jan. 17, BSN said that its NFT ecosystem will have no links to cryptocurrency and all transactions will be settled in Yuan. “As cryptocurrency is banned in China, the payments […] are in fiat currency to comply with the Chinese...
