European Commission announces Metaverse strategy next week ─ “Respect EU values ​​and rules” | CoinDesk JAPAN | CoinDesk Japan

According to leaked European Commission documents, the Metaverse needs a new kind of global governance to remain open and legal.

The draft, obtained by CoinDesk, also proposes deregulation to support innovation, and wants to consider what the legal barriers are to new forms of digital cooperation like decentralized autonomous organizations (DAOs). It has said.

“Virtual worlds offer unprecedented opportunities in many social spheres,” says a document due out next week, citing benefits for medicine, education and culture. “This technology shift also involves new forms of global governance.”

In order to ensure that the next-generation Internet “is formed as an open and safe space that respects the values ​​and rules of the EU”, there is a need for international cooperation on topics such as technical standards, ID management, censorship and surveillance. Engagement is needed, the document said.

“The European Commission will support the creation of technical multi-stakeholder governance processes to address essential aspects of virtual worlds and the Web4 that are beyond the mandate of existing Internet governance bodies,” the document said. Says.

The commission said it hopes to explore the potential for new digital cooperation models, such as decentralized autonomous organizations (DAOs), which underpin many new financial applications, by the end of this year. It said it will conduct a survey to “identify the barriers to

Early next year, the document said, it will promote a “regulatory sandbox” to test short-term projects under relaxed regulations. The document also warns of the risk that large companies, known as “gatekeepers,” will stifle rivals and counterfeit goods will undermine brands.

The document, pledged last September by European Commission President Ursula von der Leyen, said Commission officials believe the Metaverse will support EU values ​​such as privacy and fundamental rights. He says he wants to keep his views. A spokeswoman for the European Commission did not respond to a request for comment.

｜Translation: CoinDesk JAPAN
｜Editing: Toshihiko Inoue
｜Image: Matrixport
｜Original: EU’s Leaked Metaverse Strategy Proposes Regulatory Sandbox, New Global Governance