News Snapshot:
The anti-money laundering chief of China’s central bank has spoken out about non-fungible tokens (NFTs) and metaverse initiatives, implying that these industries may need to be regulated in the same way as cryptoassets are. has spoken out about non-fungible tokens (NFTs) and metaverse initiatives, implying that these industries may need to be regulated in the same way as cryptoassets are. The People’s Bank of China (PBoC) has virtually prohibited most types of crypto trading and crypto exchanges targeting Chinese people residing on the mainland in two crackdowns (one in September 2017 and the other in September this year). The bank...
