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WeChat Inflicts Strict Regulations on NFT Trading

By Weilin Li
Jun. 22, 2022 updated 03:17

WeChat recently updated its regulations for Official Accounts, a public platform that can gather followers and deliver targeted content.

The new regulations stated the accounts that are involved in virtual currencies’ publishing, trading, and fundraising will be banned, including providing secondary trading services for digital collectibles.

WeChat said once such violations are found, the platform will order the illegal public account to rectify within a time period, restrict some functions of the account, or order a permanent closure, according to the severity of the violations.

Source: WeChat