Chinese Hangzhou Court calls for NFT regulation
China’s Hangzhou Court claimed that NFTs carry characteristics of property rights like value, scarcity, disposability, and readability, and therefore should be protected by the law. The Court dealt with a case in late November in which it called for NFT regulations.SBF has maintained that he knew nothing about what caused FTX collapse, attributing it to mistakes detected late. The Hangzhou Digital Technology Company, which runs an NFT marketplace and a platform user, was on each side of the hearing. The user claimed that the company caused him financial harm by withholding from their end of the bargain and sued to ask to either deliver the NFT or compensate for his financial loss by paying 99,999 yuan ($14,368).
Source
https://t.me/nftsdefifinance
