Ant Group, Tencent and JD.com The Chinese tech giant has signed a deal. “Self-control” on NFT tokens with government entities On Sunday, according to a post on Ant Group’s WeChat and Chinese media,
The Chinese tech giant is facing increasing pressure to engage with NFT as it is a unique digital asset. This has led regulators to worry that NFT is too close to crypto trading, which is prohibited in China.
The “Digital Culture and Creative Industries Self-Regulation Agreement” consists of 11 principles consistent with federal goals:
“Enabling the real economy, promoting national culture, supporting industry development, upholding the original law, ensuring value for money, protecting consumer rights, working with associations, securing cybersecurity. , prevent speculation and financial risks and prevent money laundering.”
The National Copyright Trading Center Alliance, the China Academy of Fine Arts, the CCTV animation studio and the Hunan Provincial Museum also signed the conference along with Tencent’s cloud division and JD.com
Ant Group and Tencent recently changed references to NFTs on their websites and platforms to This will likely increase the distance between the product and the crypto market.
Red Date CEO Yifan He confirmed that companies are trying to separate “digital collectibles” from crypto at a conference Friday, with Red Date building the Blockchain Services Network, the government-backed internet.
instatementAntChain, the Ant Group’s entire blockchain group, said it wanted to appease regulators who thought the “NFT” name was too speculative. And the company operates digital collectibles in compliance with regulations and opposes market speculation.
The post Ant Group, Tencent, JD .com Sign NFT’s ‘Self-Regulatory Agreement’ appeared first on Bitcoin Addict.