European Union to Launch Global Metaverse Regulation Initiative in 2023
The European Union (EU) will present an initiative to address the metaverse and all the activities and interactions happening in it sometime in 2023. The proposal, which was qualified as ”key” in the State of the Union letter of intent authored by Ursula von der Leyen, President of the European Commission, will present several initiatives to clarify Europe’s rules and expectations for the metaverse. European Union to Introduce Metaverse Regulation Project Many countries of the world are in the process of integrating and adapting their regulatory frameworks and....
Related News
Poland is seeking out a regulated cryptocurrency to become a contender in European economics. Poland, a member of the European community, is pressing for regulation from the European Union because of the impact that it envisions. Wojociech Trusz, from Ministry of Economy, advises that: cryptocurrency can help Polish international competiveness. Europe must acknowledge the use of cryptocurrency through regulation, according to Trusz - who says that "this is a global phenomenon". Trusz indicates that it could open doors to building a foundation for entrepreneurs and business if regulation....
The European Union (EU) is working on a project that involves blockchain architecture and the use of non-fungible tokens (NFTs) to fight counterfeiting and forgery. The project is the product of several meetings and blockchain hackathons organized by the European Union Intellectual Property Office and proposes to create digital twins of products to trace their path across supply lines.
European Union to Use NFTs to Protect Intellectual Property
The European Union has recently announced that is working on a system that will use blockchain and NFTs as part of its fight against the....
The European Union is not in a hurry to implement Bitcoin regulations as they are not sure about the potential of bitcoin and its underlying technology. The European Union is not in a hurry to introduce Bitcoin regulations in its territory, decided the lawmakers earlier today. The news comes as a relief to many bitcoin users and businesses in the region. After a long discussion about the introduction of Bitcoin regulations in the European Union, the lawmakers have decided not to snuff-out innovation in the segment by premature legal interference. This move comes as a relief for the....
Most European citizens reject the idea of a cryptocurrency regulation regime imposed by the European Union (EU) on its member states, according to a recent survey. Most surveyed citizens lean towards independent cryptocurrency regulation in each country, compared to 25% that approve an EU-imposed regulation. However, most of the citizens polled acknowledged they still don’t know much about cryptocurrencies in the first place.
Europeans Reject EU Crypto Laws, Favor Local Proposals
European citizens are against the establishment of EU-imposed cryptocurrency-related laws,....
The role of European duties involve creating the possibility for social progress and the sustainability of the market economy, including the crypto sector. In terms of the crypto economy, the European Union is now interested in providing a regulation bill that will place the ecosystem in a proper state. Primarily, the European Union focuses on […]