Financial regulation in the metaverse

While the metaverse is seen by some as the ungovernable Wild West when it comes to regulation, efforts are currently underway to ensure that appropriate safeguards are in place to protect those transacting and operating within this undefined virtual space. From the likes of Paris Hilton to JP Morgan, consumers and businesses alike are thronging to buy their virtual plots in virtual reality (VR) worlds such as Decentraland and Roblox, with digital currencies such as MANA and Robux. Regulators, meanwhile, are under pressure to create a financial regulatory framework to govern and protect consumers in these VR spaces, which are poised to become the new commercial hubs.

In the fourteenth article in our series, we examine the current and incoming financial regulations that will impact the metaverse.