Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»BLOCKCHAIN NEWS»Metaverse regulation: call for integration of BIS
BLOCKCHAIN NEWS

Metaverse regulation: call for integration of BIS

By Crypto FlexsFebruary 8, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Metaverse regulation: call for integration of BIS
Share
Facebook Twitter LinkedIn Pinterest Email

BIS emphasizes the need for interoperable payment technologies and a strong regulatory framework to prevent metaverse fragmentation and the dominance of private interests, and highlights the importance of central bank digital currencies.

The Bank for International Settlements (BIS) has published a report highlighting the importance of creating a regulatory framework to prevent the metaverse from becoming fragmented and dominated by powerful private interests. BIS emphasizes the need for interoperable payment technologies supported by such a framework to ensure that the Metaverse remains a competitive and inclusive platform. The goal of this call to action is to secure the future of the digital ecosystem by fostering innovation, protecting users and maintaining the integrity of digital transactions across sectors such as gaming, e-commerce and education.

Central to the BIS recommendations is the role of central bank digital currencies (CBDCs) in developing the financial infrastructure of the metaverse. The report points out the potential of CBDCs to provide secure, efficient and interoperable payment solutions that could have a significant impact on the economic and regulatory environment of virtual environments. The emphasis on CBDC reflects a broader vision for a digital economy that supports the principles of competition, interoperability, consumer protection, and data privacy.

BIS also highlights challenges and opportunities within the metaverse, including the risk of potential fragmentation and dominance by private companies. To address these challenges, BIS calls for a joint effort between global regulators, central banks and policymakers to develop regulations that foster a more equitable and accessible digital economy.

The report also highlights the importance of efficient and interoperable payment systems that can meet user needs, and highlights the importance of central banks and financial regulators in shaping payment method choices within the metaverse. By promoting interoperability between payment systems, BIS aims to avoid a scenario where the digital space is dominated by a few large players, potentially stifling innovation and limiting access.

In summary, BIS’ report serves as a critical call for policymakers to take action towards a future-proof digital economy against fragmentation and corporate dominance in the metaverse. BIS works to ensure that the Metaverse remains an open, competitive, and inclusive platform for all users by advocating for a strong public policy framework, interoperable payment technologies, and the pivotal role of CBDCs.​​​​​​

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Rabby Wallet integrates XRPL EVM chain with peersyst

September 15, 2025

Skale Labs fairly publishes a technical white paper and introduces the industry’s first “encryption proof” consensus protocol.

September 10, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025
Add A Comment

Comments are closed.

Recent Posts

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

How XRP Enthusiasts Can Earn $15k/Day

September 16, 2025

Bringing 1R0R To R0AR Chain Unlocks New Incentives

September 16, 2025

As the Air drop recipient is sold, the infinite price is 46% conflict after Binance listing.

September 16, 2025

Vulnerability or orbit again? BTC has a line at $ 115K

September 16, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

France can break the EU password market with ‘atomic weapons’.

September 15, 2025

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

BitMine Immersion (BMNR) Announces Crypto And Cash Holdings Of $10.8 Billion, ETH Holdings Exceeding 2.151 Million

September 15, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025
Most Popular

Ethereum price shows a downward trend, why ETH may fall 5%

January 8, 2024

The Vietnamese government proposes a pilot cryptocurrency exchange

March 8, 2025

ZkSync Teases v24 Upgrade, Sparks Airdrop Rumors

May 17, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.