China plans to launch a regulated NFT marketplace
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China has announced its plans to launch the first regulated NFT marketplace in the country. The tentative date for the marketplace launch is January 01, 2023. It will allow users to trade digital items and copyrights related to them.
Experts in the country have welcomed the move with a hint that the future will require the authorities and governments to work together to improve the law and regulations related to the NFT marketplace. Yu Jianing, a leading expert in digital assets, has said that it is a new industry in monitoring and supervision. Yu has further added that there will be certain uncertainties for the time being; however, laws, regulations, and regulatory practices will improve gradually.
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