NFT firms in China are mandated to register before offering their products to the public—a move claimed will prevent the misuse of the asset class and promote the development of the space.
In its latest test, the PBoC has partnered with the Industrial and Commercial Bank of China’s Haikou branch and the Sansha city municipal government.
An island province in China has recently passed a 10-point policy that will boost the development of blockchain platforms and digital assets.
Hainan Province in China has launched a cross-border finance platform that will allow banks to finance companies that seek to export their products abroad.
