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China’s Anti-Crypto Policies Threaten to Ripple Through Its Gaming Market

Chinese authorities’ recent actions to define crypto as a money laundering tool could influence the performance of its billion-dollar gaming industry. SCMP’s Hugh Harsono argues that these measures may affect games like...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

China’s Anti-Crypto Policies Threaten to Ripple Through Its Gaming Market
Chinese authorities’ recent actions to define crypto as a money laundering tool could influence the performance of its billion-dollar gaming industry. SCMP’s Hugh Harsono argues that these measures may affect games like Metacene, which has introduced cryptocurrencies as in-game currency. In addition, games that include play-to-earn components and non-fungible tokens (NFTs) could also be impacted […]

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This altcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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