(Kitoko News) – The UK continues to step up its efforts to develop a regulatory framework for the rapidly growing digital asset space, with the latest comments from regulators aimed at cracking down on the Metaverse.
Melanie Dawes, CEO of UK media regulator Ofcom, spoke at an event in London organized by the policy consulting group Global Counsel on Tuesday. They are subject to upcoming regulations that force platforms to protect users from online harm.
“Honestly, from a UK perspective, I don’t know if that ‘self-regulatory phase’ really exists. If young people are in an environment with user-generated content as per the bill’s scope, it will already be caught by the Online Safety Bill. report By CNBC.
Regulatory authorities online safety bill, which is a set of laws that seek to stop harmful content from being widely shared on the Internet. The bill was introduced by the Department of Digital, Culture, Media and Sports (DCMS) and is currently passing the House of Representatives.
The rules outlined in the bill aim to impose a duty of care on businesses requiring them to take strong action against harmful material, such as posts that promote violence or self-harm. .
Sites that host user-generated content must remove illegal online material. Platforms likely to be accessed by children have been instructed to remove “legal but harmful material,” such as content about eating disorders and self-harm.
Websites most affected by the bill include social media platforms, sites including forums and messaging apps, search engines, certain online games, cloud storage providers, and popular pornographic sites.
Although the text of the bill does not specifically mention websites related to the metaverse, it is widely believed to be obligated to meet that requirement as well.
Dawes made direct reference to the Metaverse in his speech, emphasizing how it differs from “traditional” social media. This includes immersive VR services that make it difficult to observe what a child is experiencing when wearing a headset.
“With the scale of what’s happening, it takes moderation to make sure these things are under control,” Dawes says. “I think things like Metaverse add some intensity to that mix.”
The regulator also pointed to the gaming sector in particular, saying that due to the fact that video games are “especially attractive to children”, regulation needs to be more “aggressive” to address safety from the start. suggests that there is
Platforms that violate the rules of the Online Safety Bill can be fined up to 10% of their revenue, and senior management can ultimately face criminal charges for “more extreme violations.”
The bill is currently stalled following the recent reorganization of the Prime Minister’s Office. Now that the new prime minister, Rishi Sunak, has taken office, regulators want the bill to pass parliament.
Disclaimer: The views expressed in this article are those of the author and may not reflect the views of the author Kikko Metals Co., Ltd. The author has made every effort to ensure the accuracy of the information provided. However, neither Kitco Metals Inc. nor the authors can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation of an exchange of commodities, securities or other financial instruments. Kitco Metals Inc. and the authors of this article accept no liability for loss and/or damage resulting from the use of this publication.