After expressing worries about the financial risks that come with non-fungible tokens, some of China’s government officials are now giving advice on how to best use the new technology. In the city’s 14th Five Year Plan on the digital economy, which came out this week, the government says it wants “leading companies to explore building NFT exchanges.” Even though the directive isn’t for the whole country, what is tried in Shanghai, China’s largest city by GDP and known for its open economy, can probably be used as a model in other areas. The government’s goal for NFTs is clear: to […]
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