Media

It seems regulators will not leave Meta, the parent company behind Facebook and Instagram, alone, even after the company abandoned its cryptocurrency projects. The new regulations drafted in the UK will target Metaverse developments.

On January 31, Meta, Facebook's parent company, announced that it had sold its cryptocurrency project Diem. It seems that this clears the way for their new NFT market.

Meta plans to integrate non-fungible tokens (NFT) into its Facebook and Instagram social media platforms. Such a move could ensure that the popularity of this emerging industry skyrockets.

When we talk about the contemporary and trending Japanese artist whose work is different from traditional work, only one name comes to our mind and that name is Hiro Ando.

Golden Diamond 9 (G9): What is it?

If the metaverse concept matures into reality, it will change the way we have known social interaction. However, the question remains. Why take the trouble of creating a metaverse if it is going to be under the control of a few tech giants!

Meta, formerly known as Facebook, was notorious for its somewhat hostile attitude towards cryptocurrencies when it banned cryptocurrency ads. However, the company recently announced that it is rolling back the ban and allowing more crypto ads on its social media platform.

Many cryptocurrency exchanges have had problems with financial regulators in different countries. Some of them have had to shut down or move their operations to other countries. Others have been forced to look for ways to deal with supervisors and improve compliance.

It seems that the social media war against cryptocurrencies continues. TikTok bans cryptocurrency bloggers and educators.