The EU’s antitrust chief Margrethe Vestager wants to ensure healthy competition exists within metaverses as the European Commission prepares to publish a strategy for online virtual worlds
“It is already time for us to start asking what healthy competition should look like in the Metaverse,” Vestager, who is European Commissioner for competition and digital affairs, said at an event in Brussels according to a published text. She also referred to the impact of artificial intelligence service ChatGPT.
The EU has recently legislated to stop online giants such as Meta from blocking smaller rivals, and officials have already queried whether the metaverse will need specific protections for competition, as well as discrimination and safety.
$23,398.72
$1,641.61
BNB$298.58XRP$0.37754816
$12.81Read more: EU Metaverse Policy Should Consider Discrimination, Safety, Data Controls: Commission Official
$23,398.72
$1,641.61
BNB$298.58
XRP$0.37754816$12.81DISCLOSURE
Please note that our privacy policyterms of usecookiesdo not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
