Shanghai gives nod to NFT trading platforms

After flagging concerns over the financial risks associated with non-fungible tokens, some of China’s authorities are putting forward guidance on how to best make use of the novel technology.
The government of Shanghai says it supports “leading companies to explore building NFT exchanges,” according to the city’s 14th Five Year Plan on the digital economy published this week.
Though the directive isn’t national, what is trialed in Shanghai, the largest Chinese city by GDP and known for its economic openness, can likely serve as an example for other regions.
The go

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