The European Parliament is pushing for clear regulation around the metaverse in an effort to promote development and adoption of virtual world technologies. The legislative body's Committee on Internal Market and Consumer Protection approved a proposal on November 28th highlighting policy recommendations.
The draft report aims to establish guardrails that provide legal clarity for metaverse participants while protecting user rights. By cultivating oversight and standards early, the EU hopes to foster innovation and make the bloc competitive in the emerging field of immersive digital environments.
Specific areas covered in the Commission's proposal span governance of virtual worlds, data use regulation, competition policy, disability accessibility requirements and hardware standardization for interoperability. Harmonizing these policy domains will give developers, corporations and entrepreneurs more confidence to invest resources into a European metaverse ecosystem.
The EU currently trails behind metaverse development seen in Asia and the Americas. By getting ahead of compliance challenges, legislators hope to entice activity while giving users recourse around safety and ethical issues. The multi-year proposal requires approval from European Parliament and the European Council before becoming official regulation. But the forward-looking effort spotlights Europe's ambitions in shaping the rules and contours of virtual worlds.
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