Regulating the Metaverse Economy
This open access book examines regulating an environment that has no jurisdiction, is fully anonymous and infinitely vast? Welcome to the Metaverse, an online virtual reality that is expected to add billions to the global economy. The Metaverse offers a new type of virtual economy with practically e...
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Springer Nature Switzerland
2024
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=nlebk&AN=3734436&site=ehost-live header: @attributes: shortDbName: nlebk uiTerm: 3734436 longDbName: eBook Collection (EBSCOhost) uiTag: AN controlInfo: bkinfo: btl: Regulating the Metaverse Economy aug: au: Annelieke Mooij sertl: SpringerBriefs in Law isbn: 9783031464164 9783031464171 imageinfo: pubinfo: dt: @attributes: year: 2024 month: 01 day: 01 dtAvail: @attributes: year: 2023 month: 11 day: 29 pub: Springer Nature Switzerland pubContract: Springer Nature place: Cham, Switzerland price: 0.01 limitsGroup: maxCheckoutDays: 1500 copyPages: 10 pda: N printPagesOffline: 10 printPagesOnline: 10 previewPages: 0 prePubGroup: dewey: @attributes: class: 343.032 item: 343 .032 lc: @attributes: class: K4433 item: K 4433 artinfo: ui: 3734436 1407337270 formats: fmt: – @attributes: type: EB doid: NL$3734436$PDF caption: PDF download: Y – @attributes: type: EK doid: NL$3734436$EPUB caption: EPUB download: Y tig: atl: Regulating the Metaverse Economy ptl: Regulating the Metaverse Economy aug: au: Annelieke Mooij su: Digital currency--Law and legislation Electronic commerce--Law and legislation Metaverse sug: subj: LAW / General LAW / International Digital currency--Law and legislation Electronic commerce--Law and legislation Metaverse ab: This open access book examines regulating an environment that has no jurisdiction, is fully anonymous and infinitely vast? Welcome to the Metaverse, an online virtual reality that is expected to add billions to the global economy. The Metaverse offers a new type of virtual economy with practically endless business opportunities. The question is how to prevent these opportunities from being abused to commit money laundering and finance terrorism (MLFT). This book explores the current European Union legislation designed to prevent MLFT in connection with the Metaverse. It analyses the legislation in relation to the three traditional stages of MLFT: placement, layering and integration. Furthermore, some additional risks specific to the Metaverse are discussed, such as Non-Fungible Tokens (NFTs) and the high level of anonymity. The book concludes that the current legislation is not suitable for facing the new challenges of the Metaverse. In turn, the book putsforward a novel approach to regulating and enforcing MLFT legislation: using a system of smart assets equipped with AI to prevent and detect MLFT. In addition, it makes recommendations on how to improve the legal framework with regard to the new challenges arising from the Metaverse. Particular attention is given to creating a legal framework that incorporates the use of smart assets and the Internet of Things, in order to provide a safe environment for potential users and society. With a solid background in financial law and technology, the author successfully creates a novel system of regulation and enforcement that is based on the use of automatic enforcement, whilst keeping sufficient legal safeguards in place for potential Metaverse users. This book will be of interest to anyone interested in the Metaverse. Whether you want to regulate it or open your own virtual business, it's a must-read! pubtype: eBook doctype: Book ougenre: Book language: English copyright: @attributes: flag: N copyrightText: holdings: @attributes: islocal: N |
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