Russian authorities are exploring the possibility of regulating the metaverse

Roskomnadzor believes that the globalization of the metaverse will contribute to the illegal trade in cryptocurrencies, an increase in the number of crimes and “destabilization of the political situation.”

The Scientific and Technical Center (STC) of the Main Radio Frequency Center of Roskomnadzor published a report according to which the global spread of cryptocurrencies in the metaverses, in the absence of state supervision over the trade in digital assets, will violate the “integrity of political borders.”

The STC is sure that virtual stores will appear in the metaverses that will sell drugs and other prohibited goods. Avatars representing their owners in the metaverse will be vulnerable to hacking, kidnapping, deletion, and various manipulations. Metaspaced are, experts of the center are sure, a direct threat to a person’s mental health.

“The risks of the metaverse are associated with the desire of users to transfer their values, ethics and real identity to the virtual world. This will have an impact on the physical world and have real negative consequences, ”specialists of the structural division of Roskomnadzor believe.

The authors of the report warn: the metaverse as a phenomenon can contribute to the development of an alien political reality, the emergence of virtual political parties, new forms of agitation and protests. The safe use of the global virtual space requires “the development of mechanisms for self-regulation of the processes occurring in the metauniverse.”

Despite the fears of regulators, the metaverse market is growing rapidly, as it is able to generate huge money. In January, analysts at Goldman Sachs said that the metaverse could bring in up to $8 trillion to its creators. Meta, formerly known as Facebook, is poaching dozens of developers from Microsoft and Apple to build its metaverse. The American company ProShares, which manages the first exchange-traded fund for bitcoin futures in the United States, has applied to create the first “ETF on the metaverse”.

Source: Bits

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