China: Warning of scams related to the "Metaverse" or non-fungible tokens
Progress
Current status
adopted
02 Nov 2022 adopted
Scope
Implementers
China
Policy Area
Other operating conditions
Policy Instrument
Other operating condition, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
other service provider
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Issued warning to consumers on scams related to the "Metaverse" and non-fungible tokens
On 2 November 2022, the Beijing Municipal Bureau of Local Financial Regulation and Supervision issued a warning to consumers to be wary of investment scams or fraud schemes related to non-fungible tokens (NFTs) and false "Metaverse" investment proje…
Event type
outline
Action type
adoption
Government branch
executive
Government body
central government