Illustration showing a non-fungible token digital crypto art blockchain concept. Photo: Shutterstock
Illustration showing a non-fungible token digital crypto art blockchain concept. Photo: Shutterstock
NFTs

China NFT platforms expand into Hong Kong in face of compliance risks on mainland

  • China banned cryptocurrency transactions in 2021, but Hong Kong has set up a new licensing regime that may eventually extend to retail crypto trading
  • ShucangCN and NFT China officials said they aim to generate a combined 50 million yuan in revenue for 2023, compared to 2022’s 30 million yuan

Illustration showing a non-fungible token digital crypto art blockchain concept. Photo: Shutterstock
Illustration showing a non-fungible token digital crypto art blockchain concept. Photo: Shutterstock
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