This paper provides a brief overview of some key policy issues that may arise in the metaverse such as privacy and security of personal user data, anti-competitive behavior, and dissemination of harmful and illegal content. Additionally, this paper beckons for policymakers to fully grasp the software and hardware that the metaverse is likely to be based on and the economics of the emerging metaverse marketplace. Lastly, this paper proposes that policymakers and regulators
take a proactive approach by employing various regulatory strategies such as the command and control strategy, the incentive-based strategy and competition /anti-trust laws to address policy issues that may arise in the metaverse.
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