News Snapshot:
WeChat , the ubiquitous super app operated by Tencent Holdings, is introducing a rule to ban secondary trading of non-fungible tokens (NFTs) on the platform, heeding Chinese regulators’ guidelines to steer clear of the financial aspect of such digital assets. Tencent said it will “order accounts to rectify if they provide relevant services or content for secondary trading of digital collectibles, and limit some features or even ban the account”, depending on the severity of the cases. The Chinese tech giant also detailed punishment for accounts that provide transaction channels, provide guidance, or issue cryptocurrencies to users. Accounts that enable...
