Know Why does China restrict many NFT games

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KNOW WHY DOES CHINA RESTRICT MANY NFT GAMES?

Crypto users in mainland China are restricted from trading any digital asset through cryptocurrencies as per the government's new guidelines. The Chinese government has asked people not to use other digital currencies other than government currency as they are illegal.

These guidelines have impacted greatly on the NFT market because NFT is directly related to cryptocurrency. NFTs are traded against cryptocurrencies which is why it has become difficult for the users in China to participate in other aspects.

This has also impacted greatly NFT games because the new guidelines have restricted the users from playing games. Even gaming companies are asking their users to stop playing games because they cannot buy NFTs with cryptocurrencies.

One of the popular NFT gaming companies ‘Stepn’ has blocked mainland China users amid the government's guidelines.

The game enables its users to earn NFTs and in-game digital currencies by walking or running in the real world. Users can sell these NFTs and earn money. But the Chinese government has constrained its citizens from participating.

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