Metaverse Needs Regulatory Scrutiny, Says Eu Antitrust Chief

EU Antitrust Chief Margrethe Vestager Has Said That Metaverse Is The Next Digital Market To Attract Regulatory Scrutiny.

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Vestager Said In A Conference That It Is The Right Time To Ask What Healthy Competition Would Look Like In The Metaverse.

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The Antitrust Chief Asked Whether It Would Change The Equation When There Are Competing Digital Realities And Language AI Models Like Chatgpt.

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Do we need to do more on something new? And obviously we have started that work," she added

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According To The Regulator, There's A Much Wider Political Debate That Digital Markets Need Careful Attention.

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“We Will Not Get The Same Legal Framework. And Maybe That Is Not A Bad Thing,” She Added.

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Since Facebook Changed Its Name To Meta, Regulators Have Been Worried About The Monopoly Of The Tech Giant On The Emerging Industry.

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