WeChat suspends a dozen NFT public accounts to clean up crypto speculation and reselling


Source: scmp.com scmp.com

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Tencent Holdings ’ WeChat , China’s largest social network with more than 1.2 billion users, has frozen multiple accounts that market digital collectibles, the term typically used in China to refer to non-fungible tokens (NFTs) that cannot be bought or sold using cryptocurrencies. At least a dozen WeChat public accounts, used for publishing and pushing content out to followers, have been suspended for the last two weeks, according to a search by the South China Morning Post . The accounts include Huasheng Meta and Spirit Leap, which said publicly that they were suspended after “being reported by others”. The shuttered...