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China’s State Media Xinhua to Issue NFTs Amid Crypto Crackdown

China’s official Xinhua News Agency is planning to issue news collectibles based on technology used in non-fungible tokens even as policy makers in Beijing have largely banned all crypto-related transactions.

The collectibles, minted from select news photography reports from this year, will be issued for free via its news app at 8 p.m. on Friday, the agency said in an announcement on Wednesday.