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

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Last Updated on 2 December 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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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.

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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?

sinenkiy / Depositphotos.com