The metaverse is attracting billions of dollars in investment and millions of users, but China remains wary of this bold new virtual world. In a recent article, China’s State Council warned that the metaverse might not be suitable for all regions and advised investors to be careful when making metaverse bets.

China has been supportive of the metaverse, with various regional governments unveiling various measures to drive the growth and adoption of the virtual world. However, there has been a lot of effort on their part to distance themselves from NFTs and digital assets.

The State Council of China, the main administrative authority in the Asian country, now warns the public against feverish imitation of the metaverse.

“The metaverse industry sounds promising, but…