China NFT Ruling Seeks to 'Cool Down the Hype,' Hong Kong Attorneys Say

July 11, 2022 | BY

Isha Marathe

While China's first-ever NFT court ruling added stricter burdens to marketplaces and led to some NFT bans, many think it is setting the stage for the growth of the digital asset market in the country.

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(The article was first published onLegaltech News.)

The last few years have been quite a journey for nonfungible tokens (NFTs), going from niche art collectibles to marketing tools for major global corporations. To be sure, what often follows hype is regulation.

China became the latest country to offer a key regulatory framework in its first-ever case dealing with NFTs—and the copyright violations they are