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Article
Author(s)
WANG Yu
Full-Text PDF XML 355 Views
DOI:10.17265/2328-2185/2022.05.005
Affiliation(s)
School of Economics, Shenzhen Polytechnic, Shenzhen, China
ABSTRACT
The Chinese Web 3.0 industry,
represented by NFT digital collectibles, is developing in a different direction
from overseas NFT markets. The regulatory thinking aims to discard its financial
attributes and curb its tendency towards financial secularization. Currently, given
the absence of a regulatory body for NFT digital collectibles, the production and
release may constitute ICO (Initial Coin Offering) that is explicitly prohibited
by official decree. China may adopt the governance path, based on the principle
of inclusiveness and prudence in both a short and long term, to establish a regulatory
sandbox system for NFT digital collectibles. It is a must to strictly regulate digital
collectibles trading platforms and set access standards. At the same time, it is
essential to strengthen the supervision of the entire process of trading and withdrawal
of NFT digital collectibles, and use financial technology supervision methods for
real-time monitoring to improve supervision efficiency.
KEYWORDS
regulatory logic, practical challenges, specific path
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