Chinese social messaging platform WeChat has suspended some accounts linked to NFTs to prevent speculation in the digital assets.
WeChat says it has “rectified” accounts that had been promoting NFT market speculation which can ultimately help to drive up prices.
There are currently no specific regulations against NFTs in China – however, the mining and trading of crypto was banned by authorities last year.
Last week, WeChat responded to local media reports that the accounts had been ‘banned’ completely.
