Shi Xingguo, the founder of Hyperchain, has commented on the significance of the recent issuance of the “Opinions on Promoting and Implementing the National Cultural Digitalization Strategy” for the digital collection industry and its impact on the secondary market for digital collections.
He believes that the document is a positive signal of national support for the development of new cultural companies, including the digital collection industry. However, he also believes that the document suggests that the government will strengthen regulation and law enforcement of the digital collection industry. While the document mentions data trading, it does not specify whether it refers to primary or secondary market trading, and Shi Xingguo stresses that digital collection platforms must comply with existing regulations on trading platforms. Continue reading “SShi Xingguo, Founder of Hyperchain: China Government Supports the Development of Digital Collection Industry, and Will Strengthen Regulation and Law Enforcement”