The Consumer Financial Protection Bureau has set its sights on crypto-focused gaming in its report warning of scams and reduced consumer protections in video games and virtual worlds. 

Crypto may have a smaller sliver in the realm of virtual gaming worlds, but interest is growing among gaming creators for taking virtual items into the real world, the CFPB said in a report titled "Banking in Video Games and Virtual Worlds," released on Thursday. The report mainly was focused on virtual games in general. 

"While these crypto-asset virtual worlds are significantly less popular than virtual gaming worlds like Roblox, Second Life, or Fortnite, they are important to note because of the prevalence of third-party crypto-asset trading platforms, users can convert a virtual world’s …