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An official at China’s central financial institution cautions in opposition to the nation’s quickly rising curiosity in non-fungible tokens (NFTs) and metaverse-related actions, warning that these may “simply grow to be money-laundering instruments”.Digital belongings “are decentralised, nameless and with out borders … [and] have been broadly utilized in unlawful transactions equivalent to blackmail, drug trafficking, playing, money-laundering, financing for terrorism, tax evasion and cross-border switch of funds”, stated Gou Wenjun,…
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