China’s state-backed Blockchain Services Network, which saw the light of day two years ago, plans to launch a new platform supporting non-fungible tokens. However, the nation reaffirmed that it will have nothing to do with cryptocurrencies.
However, the country is supportive of a few features related to digital assets, including the underlying technology – blockchain. He Yifan, chief executive of Red Date Technology, said NFTs “have no legal issue in China” as long as they are not related to crypto.