Visitors take photos at an NFT-themed coffee shop during the China International Fair for Trade in Services (CIFTIS) at Shougang Park in Beijing on September 5, 2022. Photo: EPA-EFE
NFT complaints in China surge 300-fold in 2022 as crypto market faces regulatory, commercial risks
- Pricing and service issues were among the top complaints to China’s market regulator about non-fungible tokens, but were a small fraction of the total
- NFTs present a challenge to regulators as Beijing has sought to reduce risk exposure while bolstering the domestic blockchain industry
Visitors take photos at an NFT-themed coffee shop during the China International Fair for Trade in Services (CIFTIS) at Shougang Park in Beijing on September 5, 2022. Photo: EPA-EFE
