Today news
About the same in other media
Chinese companies embark on a metaverse trademark race
Reading now: 269
Despite the People’s Bank of China’s (PBOC) warning on metaverse and nonfungible tokens (NFTs) in November, more than a thousand Chinese companies have submitted thousands of metaverse-related trademark applications.
In a summit back in November, Gou Wenjun, the PBOC’s AML and Analysis Center Director, warned about the dangers of digital assets. According to Gou, because virtual assets have no physical basis, they can be used for illegal financial activities. Gou cited activities such as “illegal fundraising, pyramid schemes, and fraud.”
However, ignoring the PBOC’s warnings, Chinese companies rushed to register metaverse-related trademarks such as “metaverse satellite” and “metaverse exhibition.” According to the South China Morning Post,
Read more on cointelegraph.comAbout this in other media
Crypto mining reportedly rises in Thailand due to Chinese crypto ban cointelegraph.com /2 years ago
'Net neutral' — Rising Bitcoin exchange balances could be due to Huobi Chinese user block cointelegraph.com /2 years ago
Chinese Crypto Users Still Find Ways to Circumvent Ban cryptonews.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
