Chinese authorities are pursuing creators of digital collectibles based on the artistic works of others, the use of which is not permitted. The government offensive is part of a multi-sectoral campaign against online piracy and piracy.
Chinese regulators move to strengthen copyright oversight of online platforms
The State Copyright Administration of China, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Bureau of the People’s Republic of China, recently launched a campaign against piracy and piracy on the Internet.
The main goal of the effort is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing goods on short videos, live broadcasts, and e-commerce platforms, and by quickly addressing infringing content, the bureau said in a Fridaypress release
The NCAC is particularly concerned about growing copyright protection problems arising from the activities of a vast number of businesses operating with innovative technologies. One area that the watchdog wants to increase its oversight is the issuance of non-fusible tokens (NFTs
Authorities plan to crack down hard on “the unauthorized use of other people’s art, music, animation, games, movies, and television works to create NFTs, digital collections, or sell pirated scripts through the Internet ” the agency announced.
The agency believes that it can make progress in this direction by strengthening the entire online copyright chain, promoting regulatory standards and imposing penalties. They argue that this will accelerate the establishment of a market-oriented, legalized, international business environment and provide the copyright support needed to stimulate entrepreneurship and innovation.
While allowing the issuance of NFTs, China is also trying to curb speculation through NFTs. Technology giants such as Tencent and Ant Group have worked with Beijing to distance themselves from the crypto-related term “non-fossil tokens” in favor of the more common “digital collectibles. “In April, Wechat, a popular Chinese messaging app, suspended accounts linked to NFTs reported that.
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