Ant Group, Tencent Change NFT References to ‘Digital Collectibles’: Report

Ant Group, Tencent Change NFT References to ‘Digital Collectibles’: Report
Ant Group and Tencent have changed references of non-fungible tokens (NFTs) to “digital collectibles” on their platforms and sites, Chinese media Jiemian reported.So far, NFTs have not been included in the Chinese government’s rules against crypto trading and mining. However, state entities have warned against the use of NFTs for market speculation. Last week, a government-run tech park in the Guangdong province cautioned people against scams that prey on the NFT hype.The two firms appear to be distancing themselves from NFTs. Tencent said that the reference change reflects the company’s commitment to compliance, while Ant Group reiterated that it is…