“The fraudulent activities under the banner of “Metaverse”, wh | Coin Bureau Insider

“The fraudulent activities under the banner of “Metaverse”, which is more attractive and deceptive, and participants are prone to property damage. The public is requested to enhance their awareness of risk prevention and identification capabilities and beware of being deceived.”

China’s dislike of crypto is world famous. However, their policy toward Web3, NFTs and metaverses has not been so hostile triggering multiple trademark applications from the likes of Alibaba and Huawei.

Whilst the translation of China’s metaverse warning is far from eloquent, they are correct in that, with new emerging technologies and industries, consumers must remain perpetually aware of the threats faced and the inevitability of bad actors looking to take advantage of the technological advancements.

https://cointelegraph.com/news/chinese-banking-regulator-warns-against-fraud-risks-in-the-metaverse