Stepn to block mainland China users in compliance with regulators, SCMP says


advertisement

Solana-based “move-to-earn” game Stepn will block users in mainland China as required by the authorities there, the South China Morning Post reported on Friday.

Track live crypto price of 10000+ coins!


Stepn is an Australia-based company that offers a blockchain-based fitness app. It works by letting users buy NFTs that last for a certain amount of time. During this time, the user can exercise and earn the platform’s native GST tokens as rewards, The Block reported earlier this year.

The company will begin “checking and clearing out” mainland China users and stop providing them GPS and IP geolocation services on July 15, it said Thursday on Twitter.

Related:  Jed McCaleb's '9 Billion' XRP Stash Finally Nears Zero After Years Of Huge Selloffs — Bullish For XRP? ⋆ MAXBIT

Co-founded by Jerry Huang and Yawn Rong, the game’s biggest markets include Japan and the US, and it now employs about 60 people, Rong told the SCMP.

Trending Stories




Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: