The legislative and technological mechanism known as the the Great Firewall has for decades regulated nearly all facets of digital life in China. Yet while its role has traditionally been to control the internet domestically, the Chinese state is now taking further steps to curb the influence of international blockchains and crypto, which is having a major impact on NFT marketplaces with ambitions to expand eastward.
With cryptocurrencies and traditional NFTs backed by tokens like Ethereum banned in China, the country is offering certain services that, while they may lead to more more censorship and control, could allow access for those willing to conform to compliance and current regulations, paving the way for content makers to find new and lucrative pathways for artists and designers.
China’s Blockchain-based Service Network (BSN), a state-sponsored blockchain network, has thus far served as the main tool for users looking for digital services that correspond with legal...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...