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After eradicating crypto buying and selling and mining within the nation, the Chinese language authorities’s subsequent concern lies with the rising variety of scams round metaverse initiatives.
The Chinese language Banking and Insurance coverage Regulatory Fee issued a threat warning for the general public in opposition to fraudulent metaverse initiatives. The discover highlighted how the excitement round metaverse had made it a major goal of scammers and fraudsters illegally elevating cash within the identify of such initiatives and robbing folks of their hard-earned cash.
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