Technology

Tencent, Alibaba tighten platform rules on digital collectibles as NFTs remain a grey area in China

Tencent, Alibaba tighten platform rules on digital collectibles as NFTs remain a grey area in China

Tencent Holdings and Alibaba Group Holding are tightening rules that apply to non-fungible tokens (NFTs) on their platforms, as Chinese tech giants take preemptive measures to avoid potential scrutiny of the tokens, which are referred to as digital collectibles in the country because NFTs still operate in a grey area.

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