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China’s Top Prosecution Agency Warns NFT Users of Possible Economic Exploitation via Price Manipulation
The Chinese government has pushed the country to digital economy adoption post-Covid-19 global pandemic. The country has significantly rolled out the digital yuan in anticipation to widen the adoption of its currency as a global reserve. The digital Yuan is expected to significantly help improve the overall liquidity of cryptocurrencies in the Asian continent. Moreover, Hong Kong is preparing to adopt crypto-friendly regulations next month, which has significantly attracted Chinese banks to invest in crypto startups.
China on NFT Market
According to a theoretical research work published by the Supreme People’s Procuratorate of the People’s Republic of China, the NFT market requires proper regulations to ensure safe innovation and ultimate investors’ protection. The blog post titled “The Legal Attributes and Risk Governance of NFT under the Background of Digital
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