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Metaverse experts behind virtual property crash suggest establishing Metaverse regulatory mechanism

In the second half of last year, when the "Metaverse" was the most popular, the price of a virtual land plot abroad was even higher than a villa in Beijing. However, according to WeMeta platform data recently, some virtual land has plummeted by more than 80%. 　　A reporter from Beijing Youth Daily found that the collapse of virtual real estate is only a corner of the "metaverse" world. The capit

South koreaYu jianingLi mengZhu youpingLin junjieLi ruijieYu meiyingZhu kaiyunAdministration of online publishing servicesShenzhen stock exchangePublication administrationRisk alert on preventing illegal fundSuining police in jiangsuShanghai stock exchangeInsurance regulatory commissionBeijing youth daily

Chinese authorities state Metaverse as attractive and deceptive

Chinese authorities warn that Metaverse is a scam, stating it as "attractive and deceptive. Users unaware of risks could lose their money.

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Chinese banking regulator warns against fraud risks in the metaverse

Chinese gov't requested the common public to be more aware of such projects and report any suspicious activity to authorities.

Office of interInsurance regulatory commissionChinese bankingInter ministerial joint conferenceIllegal fund raising

Chinese Regulatory Commission Issues Notice against Malpractices Related to Metaverse Projects

Chinese Regulatory Commission Issues Notice against Malpractices Related to Metaverse Projects
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