NFTs pose concerns amongst both financial regulators and consumer protection authorities around the world.NFTs Concerns: transfering ownership to a buyer, they do not give the buyer copyright over the underlying asset,Buyers not being made aware what they are purchasing
The punishments handed out by WeChat for crypto and NFT accounts will depend on the severity of violations, and the accounts will be given time to rectify their activity.
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,.
Recently released guidelines will significantly increase the degree of attention paid by China's banking and insurance sectors to the work related to green finance, thus improving efforts to foster low-carbon and sustainable development, experts said.
The SFC issued a statement to clarify its regulatory approach in relation to non-fungible tokens and remind investors of related risks. On 6 June 2022, the Hong Kong.