Xianyu Community Bans Digital Collection-Related Goods Due to Risks

TapTechNews May 20th, due to false publicity, trade fraud and other behaviors, the Xianyu community has recently carried out a special governance activity for digital collection-related goods, and the related goods have been taken off the shelves.

The announcement shows that due to the frequent occurrence of risks such as false publicity, trade fraud, and illegal fundraising in digital collection transactions exposed by multiple public opinions recently, in order to protect the legitimate rights and interests of the majority of users, maintain the healthy ecosystem of the Xianyu community, and prevent financial risks, from now on, the Xianyu community prohibits the posting of any goods related to digital collections and will take such goods off the shelves.

TapTechNews note: Digital collections generally refer to generating a unique digital certificate for a specific work (such as art, cultural and creative, etc.) based on digital copyright protection, and realizing digital issuance, trading, collection and use by using blockchain technology.