Despite Beijing's ban on digital currencies, the government-backed Blockchain Services Network (BSN) hopes to have the required infrastructure in place by the end of January to allow the issue of non-fungible tokens (NFTs), a vital step toward building a Chinese NFT economy with no link to cryptos.
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China to Create State-Backed NFTs Industry
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Despite Beijing's ban on digital currencies, the government-backed Blockchain Services Network (BSN) hopes to have the required infrastructure in place by the end of January to allow the issue of non-fungible tokens (NFTs), a vital step toward building a Chinese NFT economy with no link to cryptos.