• Home
  • Bitcoin News
  • Blockchain News
  • CBDC News
  • NFT News
  • New to Crypto?
  • About
  • Contact
Facebook Twitter Instagram
Todayq News
  • News
  • Bitcoin
  • Metaverse
  • NFT
  • Blockchain
  • New to Crypto
  • Contact
Twitter Facebook Instagram LinkedIn
Todayq News
News

French researchers publish a report on regulating the metaverse

By Samvidha Sharma25 October 2022, 12:58 PM
French researchers publish a report on regulating the metaverse

The French government commissioned a group of researchers to study the essentialities of metaverse so that the country can take steps in that direction. 

A 116-page long report about an experiment in the metaverse was published on Monday. The experiment was conducted in February 2022, set by the members of the French government, including the ministers for finance and culture as a part of the study.

The mission was led by Camille Francois, a researcher at Columbia University, and Adrien Basdevant, a lawyer of the Paris Bar alongside Remi Ranford, a researcher at France’s national institute for research in digital science and technology. The report highlighted the inadequacy and lack of expertise in the EU’s handling of its key crypto regulations. It stated that it should not be repeated while forming rules for the metaverse.

It also commented that if a country cannot be rapid in dismissing the metaverse it must try to develop a superset of virtual, augmented, and physical reality and try to regulate it instead. It further highlights the various opportunities and challenges that the metaverse poses and how France must approach it. 

As per the researchers, the conceptualization of the virtual world comes before Meta, the tech giant and aspiring metaverse builder formerly known as Facebook. Talking about the difference of opinions about keeping the metaverse open to general or just limiting it to the groups, the report highlighted the impact that could occur if the virtual worlds backed by technology separate users from each other and the world around them. 

France has always advocated an open, free, and secure internet and the same must be highlighted in the diplomatic bodies and negotiations on the future of communication technologies, said the researchers.

They also called on lawmakers to extend the scope of frameworks like the EU’s general data and protection regulation (GDPR) and digital services act (DSA) to include data collection and user protection in the metaverse, however, warned them against the mistakes previously committed. 

The researchers while talking of the need for expert opinions in framing regulations to prevent them from turning into an industrialist lobby also commented on the MiCA regulation and the journey of the EU through it mentioning various testing plans launched in the period including the Transfer of Funds regulation (TFR), which identifies the sender from private digital wallets.

France Meta Metaverse Regulation
Share. Facebook Twitter LinkedIn Telegram WhatsApp Reddit

Comments are closed.

Must Read

The entertainment industry is welcoming Web3 with open arms

Survey: Crypto is currently the second-most owned asset by women after cash

Data: 59% of BTC holders are enjoying profits, and only 38% are running in loss

Report: Boomers are the most cautious Crypto investors

Instagram
The price of Bitcoin, after going through what the industry calls one of the worst bear markets, has been surging. Data reveals that the increasing prices have helped both short-term and long-term investors to profit.
A recent report released by eToro called the “Retail Investor Beat” indicated that although traditional asset classes struggle to encourage greater adoption among women, cryptocurrencies appear to be more successful. The eToro team surveyed almost 10,000 global retail investors across 13 nations.
The crypto industry is continuously expanding, and the events that occurred in the past year gave investors major shocks. However, they also highlighted the need for having a clearer and deeper understanding of the crypto space to navigate safely and securely.
“Full-time” developers, defined as those who contribute to 76% of Github commits, climbed by 15.2% to over 7000. In comparison, “one-time” builders decreased by 6.2% to over 3,500 over the same period between December 2021 and December 2022, according to a Jan. 16 report from Electric Capital.
Crypto by TradingView
Twitter Facebook Instagram LinkedIn
  • About
  • Careers
  • Advertise
  • Privacy
All rights reserved by Todayq Technologies PVT. LTD.

Type above and press Enter to search. Press Esc to cancel.