According to Foresight News, Xianyu issued an announcement on May 17th regarding the special governance of digital collectibles. The announcement stated that due to recent public opinions exposing the frequent occurrence of false propaganda, transaction fraud, illegal fundraising and other risks in digital collectibles transactions, in order to protect the legitimate rights and interests of the majority of users, maintain the healthy ecology of the Xianyu community, and prevent financial risks, from now on, the release of digital collectibles related products in the Xianyu community is prohibited, and digital collectibles related products will be removed from the shelves.
Previously, Xianyu lifted the ban on digital collectibles keywords on October 25, 2023.
