Virtual bank collapse spurs calls for regulation
The failure of a bank that exists only in cyberspace has raised awareness of the lack of real world supervision to protect online investors.
According to Wired.com, a news service covering technology, the collapse of Ginko Financial, a bank in virtual world Second Life, which caused investors to lose $750, 000, has led to calls for better financial regulation and enforcement of the metaverse.
To read the Wired.com article, click here
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