Today news
About the same in other media
13.12 - 00:49
China’s central bank proposes to monitor metaverse and NFTs
Reading now: 962
China’s crackdown on crypto is expanding into the metaverse and nonfungible tokens (NFTs), an executive at the People’s Bank of China (PBoC) recently implied.
Speaking at a national financial security summit, Gou Wenjun, the director of the Anti-Money Laundering (AML) unit at the PBoC, pointed to the risks associated with leaving the new trends of the crypto ecosystem like NFTs and metaverse unregulated. He claimed that, while people would use said virtual assets for privacy and wealth appreciation, they are also prone to be used for illicit purposes like money laundering and tax evasion.
The fast-paced innovation of the crypto world requires higher requirements in terms of risk supervision and governance, said the AML head, adding that the
Read more on cointelegraph.comAbout this in other media
National Bank of Kazakhstan releases report on results of CBDC pilot project ambcrypto.com /3 years ago
Economy Week Ahead: Retail, Factories, Central Banks wsj.com /3 years ago
China’s Latest Challenge Is Engineering a Soft Landing for a Sputtering Economy wsj.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
