While Beijing has cracked down on cryptocurrencies, non-fungible tokens and the metaverse have been operating in a grey area in China. Illustration: Shutterstock
China’s market for NFTs, metaverse may drive money laundering
  • As virtual assets, NFTs and the metaverse could be used for money-laundering purposes, according to a People’s Bank of China official
  • More than 50 jurisdictions across mainland China plan or have already moved to establish a regulatory framework for NFTs and the metaverse
2 Dec 2021 - 5:20PM