Jogging and earning money: The move-To-Earn project made big waves in the crypto space right from the start. Today alone, the GMT token recorded a minus of between 5 and 20 percent compared to the day. Just yesterday, STEPN announced that it would suspend the GPS function for Chinese IP addresses from mid-July. For this, the NFT project writes on Twitterthat it “did not do business in mainland China and did not provide download channels”.
Meanwhile, crypto regulation in the Middle Kingdom is far from clear. At the beginning of the year, they wanted to set up their own NFT infrastructure in China. In contrast, however, non-state projects are finding it increasingly difficult.