Bitcoin Starts December At $57k And China Starts Monitoring The Metaverse

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The largest cryptocurrency started the month of December around $57k and broke a three-day winning streak after the first case of the Omicron variant was detected in the USA.

While the new coronavirus variant has raised concerns over potentially tumbling down crypto prices, it is also essential to note that crypto markets had observed strong growth throughout the pandemic

Danny Chong of Tranchess, an asset-tracking protocol, commented.

The news comes as global stock markets have been reacting to whatever news there is about the Omicron variant’s possible spread.

China Monitoring The Metaverse

Chinese authorities continue to amaze with some of their strange comments. Whereas you thought you heard it all when tennis star Peng Shua went ‘missing’, then sent round an email saying ‘everything is fine’. The Beijing authorities have pushed it up a notch and claim that they, after kicking out Bitcoin miners earlier this year, will now start monitoring the metaverse (the virtual universes being created) as well.

Speaking at a forum on banking, Gou Wenjun, director of the Anti-Money Laundering (AML) unit at the PBoC (People’s Bank of China) stated they would see to it that metaverse based items would not be used for anti-money laundering and said he wanted to:

Clarify the division of supervisory responsibilities, improve the transparency of virtual assets, and explore the use of supervisory sandboxes to study and judge the essence and nature of virtual assets.

Taking that whole monitoring thing a bit too far perhaps China?

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