Neo’s technology is among ten blockchain frameworks used to form a China-focused ecosystem on the Blockchain-based Service Network’s Open Permissioned Blockchain. The N3-powered permissioned chain, Jiuquan Chain, will remove cryptocurrency/fungible tokenization functionality to comply with China’s regulations – requiring transactions to be paid in the Chinese Yuan fiat currency.

Neo technology to power Jiuquan Chain permissioned blockchain, enable legal distribution of NFTs in China comes via ChinaTechNews.com.