HomeBusinessChina warns against using metaverse as a tool for illegal fund-raising

China warns against using metaverse as a tool for illegal fund-raising

BEIJING : China’s banking and insurance coverage regulator issued a warning on Friday against using the metaverse as a tool for illegal fund-raising, amid widespread hypothesis within the non-public sector.

The China Banking and Insurance Regulatory Commission mentioned in a assertion revealed on its web site that some firms had been promoting participating in illegal fund-raising, fraud, and digital actual property hypothesis.

“Beware of being duped, and if you find clues of suspected illegal crimes, please actively report this to the relevant local departments,” the assertion mentioned.

(Reporting by Eduardo Baptista; Editing by Sam Holmes)

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

//whairtoa.com/4/4783938