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

BNB price forecast: Target $ 890- $ 900 in September 2025.

August 31, 2025

What happened in Crypto today

August 26, 2025

2025-26 discussions about which coins will be ranked first in Memecoin Cycle

August 21, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 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

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

USDT, USDC, FDUSD: Comparison analysis of major stablecoins

October 29, 2024

SATOS-based Bybit warns of WhatsApp fraud

October 7, 2024

Strategy for Web3 startups amid U.S. cryptocurrency crackdown

June 3, 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.