Chinese Central Bank: NFT, Metaverse ‘Could Become Money-Laundering Tools’
The Chinese central bank’s anti-money laundering chief has spoken out about non-fungible tokens (NFTs) and metaverse projects – suggesting that there may be a need to regulate these sectors in the same manner as it polic...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
In two crackdowns (one in September 2017 and the second in September this year), the central People’s Bank of China (PBoC) has effectively banned most forms of crypto trading and crypto exchanges targeting Chinese citizens based on the mainland....
Read More: Chinese Central Bank: NFT, Metaverse ‘Could Become Money-Laundering Tools’
Why this matters
This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Oracle Connects Bank Payment Systems To Swift’s Blockchain Ledger
TL;DR Oracle is integrating its banking and blockchain infrastructure with Swift’s shared ledger for tokenized deposits. Banks can...
XRP News: Brazil $4T Financial Infrastructure Expands Onto XRPL
CSD BR, a Brazilian financial-market infrastructure operator overseeing more than 22 trillion reais in registered assets, has been...
Circle Brings USDC Workflows Into Banking Platform Used By Major Institutions
TL;DR Volante Technologies and Circle have announced a collaboration around stablecoin payment and settlement infrastructure. Vola...
Bitcoin Price Prediction: Is the BTC Correction Over as It Defies September’s Red Trend?
Bitcoin price is near $83,100, a stable 24-hour movement after retreating from $87,400, and with its prediction still leaning bull...
Citi And Coinbase Bring Stablecoin Payments Into Corporate Banking
TL;DR Citi and Coinbase have expanded their partnership with new stablecoin and fiat payment infrastructure for businesses. Citi c...
SEC Staff Narrow Token Buyback Guidance to Networks With ‘No Central Party’
SEC staff tightened their new guidance on crypto token buybacks on Monday, three days after first publishing it, limiting its reac...