China’s technology giants from Tencent to Alibaba and ByteDance are investing in the metaverse, a market that could be worth $8 trillion in the future.
Analysts said these existing pieces of legislation will likely be used to regulate metaverse applications as well, even as new ones are developed.
"Each specific application would receive its own unique set of regulations that builds upon existing legislature.""We should also expect to see strict censorship, meaning there will most likely be an isolated, Chinese metaverse that is separate from the international," Liu said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India's Life Insurance Corp files $8 billion IPO papersState-run Life Insurance Corporation of India (LIC) has filed draft papers with the market regulator to sell 5% of its shares to potentially raise nearly $8 billion, dwarfing the biggest IPO in Asia's third-largest economy by a considerable margin.
Read more »
When It Comes To Tech, China Is Just As Wary Of The U.S. As U.S. Is Wary Of ChinaFrom banning American social media apps to blocking regulatory approval of acquisitions, China has shown it’s suspicious of U.S. motivations in tech.
Read more »
Speed skating-Gao wins China its first men's speed skating goldGao Tingyu won China its first men's speed skating gold on Saturday, smashing the Olympic record to cross the finish line in 34.32 seconds as spectators cheered him on in the men's 500 metres at the Beijing Games.
Read more »
US aims to counter China by opening Solomon Islands embassyWELLINGTON, New Zealand (AP) — The U.S. says it will open an embassy in the Solomon Islands, laying out in unusually blunt terms a plan to increase its influence in the South Pacific nation before China becomes “strongly embedded.”
Read more »
Biden plan seeks to shift Asia-Pacific toward U.S., China calls it 'cold war'The plan from the White House stands to 'demand more of the United States in the Indo-Pacific than has been asked of us since the Second World War.'
Read more »
Behind China-South Korea skating row, a deeper cultural riftSEOUL, South Korea (AP) — Chinese and South Korean short-track speedskating fans are duking it out online over allegations of foul play, tapping into the historical rivalry between their countries.
Read more »