China is looking into censoring NFTs.

June 18, 2022

After a complete crypto ban, censorship of “digital collectibles” is on the table in China.

NFTs or "digital collectibles” include art, music, animation, games, film, television, and other pieces of original artwork.

Liu said that these NFTs “must align with the country’s core values,” and shall be considered illegal until the officials' review.

The blockchain copyright director further said Chinese digital collectibles on secondary markets can fall on the “red line” of financialization.

Earlier, People’s Daily published an opinion article that supported the efficiency of NFTs in digital marketing, cultural content and creative industries.

The censorship proposal is still in the early development stages and currently there is no law around NFTs.

China is still among the top countries to mine cryptocurrencies despite an outright ban.