More than a thousand Chinese companies have applied for thousands of metaverse-related trademarks inspite of strict warning from People’s Bank of China (PBOC). Chinese companies, such as Tencent and Huawei, are seeking trademarks related to the Metaverse in spite of the central bank’s proposal to monitor the Metaverse and NFTs. In spite of the People’s Bank of China (PBOC) warning on metaverse and non-fungible tokens (NFTs) in November, more than a thousand Chinese companies have applied for thousands of metaverse-related trademarks.PBOC Director of AML and Analysis Center, Gou Wenjun, warned about the dangers of digital assets back in November. According to Gou, since virtual assets have no physical representation, they can be used for illegal activities. Among the activities Gou cited were “illegal fundraising, pyramid schemes and fraud.”Nevertheless, Chinese companies ignored the PBOC’s warnings and registered trademarks related to the metaverse, such as “metaverse sat
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