The "Digital Collectibles Compliance Evaluation Guidelines" have been officially released, emphasizing that financialization is not allowed and circulation is limited to usage purposes only

Chain Catcher news, at the 2022 Service Trade Fair "World Frontier Technology Conference - Metaverse and Digital Economy Forum", the "Digital Collectibles Compliance Evaluation Standards" (group standard) was officially released. This "Standard" regulates the definition, compliant issuance, and circulation of digital collectibles from the source. At the same time, the "Standard" also clearly states that the circulation of digital collectibles is limited to intended purposes and cannot engage in speculation, money laundering, tokenization, financialization, securitization, or illegal trading in public or private.

In addition, this "Standard" provides an accurate definition of digital collectibles based on existing national laws and regulations, and states that domestically issued digital collectibles generally refer to a type of limited edition virtual cultural goods, including digital forms of images, music, videos, 3D models, etc. It records the processes of issuance, purchase, and use through blockchain technology, giving it characteristics of uniqueness, non-replicability, non-tampering, and permanent proof, also known as "digital artworks" or "virtual digital goods". At this stage, a more accurate definition of digital collectibles is "digital collectibles are a new form of digital publications." (source link)