The post Swiss Metaverse Association seeks to bring certainty to metaverse through regulation: London Blockchain Conference 2024 appeared on BitcoinEthereumNews.com.

At the London Blockchain Conference 2024, the Swiss Metaverse Association introduced its Regulatory Position Paper, which aims to assist politicians in Switzerland and around the globe in creating “positive” regulation for the metaverse space. There were few more prescient topics to round off London Blockchain Conference 2024‘s three days of presentations on its ‘Spotlight stage’ than a talk on the metaverse. The speaker was Dr. Daniel Diemers, co-founder and board member of the Swiss Metaverse Association, an organization whose goal is to create a broad-based metaverse ecosystem and advocate for favorable framework conditions in Switzerland. He began by announcing to the enthusiastic delegates that, “I’m from Zug, the famed crypto valley, and I’m talking about regulating the Metaverse.” After which, he paused, joking that he was expecting to hear boos from the crowd. There were none, but as he swiftly pointed out, perhaps the lack of jeering was no surprise from an audience of blockchain and fintech enthusiasts overwhelmingly pro-regulation and compliance. Diemers then went on to explain the impetus for the Regulatory Position Paper. “The metaverse narratives goes, like AI and blockchain, through cycles… but you and I know it’s not going away,” he said. “We are trying to create a dialogue between academics, startups and of course regulators in the space.” The paper itself, titled ‘Creating certainty for the Metaverse,’ breaks the space down into four “independent ecosystems” that come together to create the metaverse. Namely: NFTs, blockchain, and digital assets; gaming and e-sports; brands, influencers, and creators; and cloud and big tech. The Swiss Metaverse Association also created working groups to cover various aspects of the space, including arts and culture, insurance and payments, tech and infrastructure, consumer and fashion, and regulation, tax, legal, and policy. Diemers’s talk focused on the latter of these working groups. He explained how his organization’s approach was, “Let’s build a position paper and send it out to the…

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Filed under: News - @ May 30, 2024 7:26 am