Quick links: United States | Major Indices | Indices Future | Real-time Commodities | Webinars | Coronavirus | Economic Calendar
Cryptocurrencies
18 Feb 2022
China warns Against using Metaverse as a Tool for illegal Fund-raising
The Index Today
China's banking and insurance regulator issued a warning on Friday against using the metaverse as a tool for illegal fund-raising, amid widespread speculation in the private sector, Reuters reported.
The China Banking and Insurance Regulatory Commission said in a statement published on its website that some companies were advertising engaging in illegal fund-raising, fraud, and virtual real estate speculation.
"Beware of being duped, and if you find clues of suspected illegal crimes, please actively report this to the relevant local departments," the statement mentioned.
