China to go tough on NFT copyright infringements

The Chinese Government has commenced a full-scale manhunt to tame individuals who use people’s works of art to create their digital collectibles without permission. The National Copyright Association announced this development in its Friday press release. The agency unveiled the offensive campaign in collaboration with the Ministry of Public security, the State Internet Information Office, and the Ministry of Industry and Information Technology.

According to the National Copyright Association, the search against copyright infringements of digital collectibles has become imperative to facilitate improved copyright supervision of virtual businesses. According to the agency, this will be done by probing every emerging issue concerning the sale and distribution of infringing products via short clips, live broadcasts, and e-commerce platforms.

According to the National Copyright Association, it will “severely crack down on the unauthorized use of other people’s works of art, music, animation, games, film, and television to create NFTs, make digital collections, and sell pirated scripts through the Internet.” The agency is optimistic that such a move will help to reduce the emerging copyright infringements in the sphere. 

The agency wants to enhance the online copyright chain and implement existing regulatory standards by imposing severe penalties on violators. According to the agency, this will foster the actualization of a “market-oriented, legalized and international business environment, and provide the copyright support needed to stimulate entrepreneurship and innovation.”

The agency lamented the increasing copyright protection issues occasioned by the operations of virtual businesses running with innovative technologies. Now, it intends to focus and monitor the issuance of NFTs, saying the trend has, over time, been engrossed with more copyright infringement issues.

The clamp down on crypto social media accounts by China

Authorities in China have, in recent times, been critical of activities unfolding in the crypto and NFTs sphere. Recently, the country cracked down on over 12,000 crypto-oriented social media accounts. The Cyberspace Administration of China (CAC) ordered the closure of those accounts because they were being used to mislead internet users by “guiding” them to invest in virtual assets under the pretext of “financial innovation and blockchain.”

The Chinese government also asked all social media platforms to prohibit increasing crypto speculations. According to CAC, its move is part of the measures to address the “chaos” occasioned by crypto speculations which lured many people into investing in the scheme, thereby enduring big losses.

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