Three organisations have come together in China to focus on NFTs. These organisations are, the China Banking Association, the China Internet Finance Association, and the Securities Association of China. The group aims to shape up the NFT sector in a way to reduce the chances of them being used as tools to process illicit activities like money laundering.

source https://gadgets360.com/cryptocurrency/news/china-authorities-warn-against-financial-risks-nfts-2887182#rss-gadgets-all