Articles from Caixin Global, Caixin Global

Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

Articles from Caixin Global

News from Caixin

Crypto

<ul><li>Beijing’s city market regulator has warned the public to steer clear of firms promising big returns with little risk from investments in non-fungible tokens (NFTs) and the metaverse.</li><li>The statement is the latest indication that China’s watchdogs are unlikely to change their stance on speculative investments like NFTs, a form of digital token, anytime soon. </li><li>The latest warning comes less than two years after China outlawed cryptocurrency trading and mining, also seeking to stamp out rampant speculative investment in virtual currencies like bitcoin and ether.</li></ul>

Beijing’s city market regulator has warned the public to steer clear of firms promising big returns with little risk from investments in non-fungible tokens (NFTs) and the metaverse.The statement is the latest indication that China’s watchdogs are unlikely to change their stance on speculative investments like NFTs, a form of digital token, anytime soon. The latest warning comes less than two years after China outlawed cryptocurrency trading and mining, also seeking to stamp out rampant speculative investment in virtual currencies like bitcoin and ether.

NFTs, Metaverse Get Digital Cold Shoulder in Beijing

Bitcoin

NFTs, Metaverse Get Digital Cold Shoulder in Beijing