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
29 January 25
Brazil applies tougher rules for IoT than other countries in the Americas
Our latest research analyzes the key regulatory issues for the provision of cross-border IoT connectivity in the Americas.
27 January 25
SingPost results improve on the back of e-commerce and international revenues
An overview of Singapore’s postal sector: our new report covers the Singapore regulatory framework, including the USO, licensing regime, price regulation, letter boxes, parcel lockers, and competition.
24 January 25
EU Timeline: regulatory milestones for the first half of 2025
This edition of Cullen International’s EU Timeline highlights key policy and regulatory developments foreseen at EU level until mid-2025.