The Financial Industry Regulatory Authority (FINRA) has published a report stating that its rules and relevant government regulations are applicable to brokers and dealers operating in the metaverse. The report highlights the growing interest in metaverse technologies within the finance sector, projecting that global metaverse revenue could reach $800 billion in 2024 and contribute over $3 trillion to global GDP by 2031. It emphasizes that, despite the innovative nature of business developments in this space, firms must adhere to existing regulatory frameworks. FINRA's guidance reminds member firms that adopting new technologies does not exempt them from compliance requirements that govern their operations. The metaverse presents unique opportunities for data visualization, virtual trading, and digital twins in finance but also confronts challenges related to regulatory clarity and technological suitability for financial services.

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