WeChat suspends a dozen NFT public accounts to clean up crypto speculation and reselling

Tencent Holdings’ WeChat, China’s largest social network with more than 1.2 billion users, has frozen multiple accounts that market digital collectibles, the term typically used in China to refer to non-fungible tokens (NFTs) that cannot be bought or sold using cryptocurrencies.

At least a dozen WeChat public accounts, used for publishing and pushing content out to followers, have been suspended for the last two weeks, according to a search by the South China Morning Post.