{"id":626254,"date":"2023-04-06T14:50:32","date_gmt":"2023-04-06T19:50:32","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/04\/06\/eu-consultation-warns-on-risk-of-big-players-becoming-metaverse-gatekeepers\/"},"modified":"2023-04-06T14:50:32","modified_gmt":"2023-04-06T19:50:32","slug":"eu-consultation-warns-on-risk-of-big-players-becoming-metaverse-gatekeepers","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/04\/06\/eu-consultation-warns-on-risk-of-big-players-becoming-metaverse-gatekeepers\/","title":{"rendered":"EU Consultation Warns on Risk of Big Players Becoming Metaverse Gatekeepers"},"content":{"rendered":"
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\"Consensus<\/p>\n

\n

Featured Speaker<\/span>Christy Goldsmith Romero<\/span><\/p>\n

Commissioner<\/span>U.S. Commodity Futures Trading Commission<\/span><\/p>\n<\/div>\n

\"Christy<\/p>\n

Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.<\/span><\/p>\n<\/div>\n

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<\/p>\n
\"CoinDesk<\/picture><\/div>\n

<\/a><\/div>\n

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Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He doesn\u2019t own any crypto.<\/p>\n<\/div>\n<\/div>\n

\n
\n

\"Consensus<\/p>\n

\n

Featured Speaker<\/span>Christy Goldsmith Romero<\/span><\/p>\n

Commissioner<\/span>U.S. Commodity Futures Trading Commission<\/span><\/p>\n<\/div>\n

\"Christy<\/p>\n

Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.<\/span><\/p>\n<\/div>\n

\n
\n

Online giants could dominate the metaverse, blocking out local companies, the European Commission warned Wednesday in a consultation on its new policy for virtual worlds<\/a>.<\/p>\n<\/div>\n

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The European Union\u2019s executive arm is set to issue proposals in the coming months, but it likely won\u2019t include a draft bill, said the call for evidence, which is open until May 3.<\/p>\n<\/div>\n

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\u201cThere is a risk of having a small number of big players becoming future gatekeepers of virtual worlds, creating market entry barriers and shutting out EU startups and SMEs [small and medium-sized enterprises] from this emerging market,\u201d said the draft, echoing earlier fears raised by antitrust officials<\/a> about potential dominance from web giants like Meta Platforms.<\/p>\n<\/div>\n

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The paper sets out a range of policy issues for what it calls Web 4.0, where physical and virtual worlds interact immersively, using connected smart devices. It cites issues including equality, data privacy, cybersecurity and openness, as well as finance for local businesses.<\/p>\n<\/div>\n

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The EU recently passed a Digital Markets Act to rein in supposed anticompetitive behavior<\/a> by internet giants such as Meta, Google and Amazon, but the bloc is worried similar trends could occur in later iterations of the internet economy.<\/p>\n<\/div>\n

Edited by Stephen Alpher.<\/p>\n<\/div>\n

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Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He doesn\u2019t own any crypto.<\/p>\n<\/div>\n<\/div>\n

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Learn more about Consensus 2023<\/a>, CoinDesk\u2019s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com <\/a>to register and buy your pass now.<\/p>\n

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Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He doesn\u2019t own any crypto.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n

Read More<\/a>
\n Jack Schickler<\/p>\n","protected":false},"excerpt":{"rendered":"

Featured SpeakerChristy Goldsmith RomeroCommissionerU.S. Commodity Futures Trading CommissionExplore the policy fallout from the 2022 market crash, the advance of CBDCs and more.Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He doesn\u2019t own any crypto.Featured SpeakerChristy Goldsmith RomeroCommissionerU.S. Commodity Futures Trading CommissionExplore the policy fallout from the 2022 market crash<\/p>\n","protected":false},"author":1,"featured_media":626255,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[92366,359],"tags":[],"class_list":["post-626254","post","type-post","status-publish","format-standard","has-post-thumbnail","category-consultation","category-warns"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/626254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=626254"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/626254\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/626255"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=626254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=626254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=626254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}