Stakeholders and academia agreed that the metaverse will be a highly collaborative world, where thousands of companies will be working together, and which would require seamless interoperability. However, even though the metaverse is currently at a very early stage of its development, it already poses some regulatory challenges and policy issues in different areas, including on data protection, liability, accessibility and inclusiveness.
Regulatory challenges and policy implications of the metaverse were discussed during a hearing organised by the European Parliament's Legal Affairs (JURI) committee on 24 April 2023.
On its side, the European Commission is seeking feedback until 3 May 2023 with a view of adopting a non-legislative initiative on virtual worlds. The initiative, which was initially expected on 31 May 2023, has been postponed to 21 June 2023.
The Commission said, "the initiative will take a proactive approach for the EU to shape the global development of [virtual worlds] based on openness, interoperability and EU values”.
(...)
Clients of our European Digital Economy service, can also access it directly on our client portal via the following link:
more news
09 September 26
Insights into the proposed EU framework for mobile satellite services (MSS) in the 2 GHz band
Cullen International’s new Tracker makes a comparison between the European Commission’s 2 GHz band MMS proposals and the existing framework.
07 September 26
Regulators in most Americas countries use the weighted average cost of capital (WACC) to test wholesale pricing
Cullen International’s new Americas benchmark shows that ten of the surveyed countries employed WACC to calculate regulated wholesale prices or to settle disputes between operators.
04 September 26
Competent authorities for EU data rules
Cullen International’s latest Benchmark compares the authorities designated or proposed to enforce the Data Governance Act and the Data Act across 21 EU member states, including their respective roles and responsibilities.