Tencent shuts down NFT arm to avoid regulatory risk
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On Monday, Tencent announced that it has halted trading on its non-fungible token (NFT) platform, Magic Core (Huanhe) - one of China's largest NFT marketplaces.
No new NFTs will be issued.
Users can still ask for refunds for existing holdings on the platform.
Why: Tencent said a lack of clear regu...