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Author: Nadia Mansour
Publisher: Springer
ISBN: 9783031675461
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
This edited volume examines the impact of the metaverse on finance and law. As the commercial development of the internet and digital technology has done for more than thirty years, the metaverse phenomenon raises questions about the relevance of existing legal rules in dealing with new practices: between the need for adaptation, evolution, or new rules. While the Blockchain ecosystem has developed steadily over the last few years and its applications are still evolving, can we assume that the metaverse will become "the most prodigious phenomenon of the 21st century"? The term metaverse refers to a virtual world. Technically, using known but evolving technologies, the term refers to a network of 3D virtual worlds. In its current state of development, there is a metaverse and not a single virtual world as there is an internal one, simply because its development is still dependent on proprietary technologies. The development of the metaverse is no less accurate, and a few recent examples suggest that lawyers will not be able to escape this phenomenon, which looks set to involve individuals, companies, and institutions. The financial world is not immune to the emergence of the metaverse either. Traditional finance is moving into new virtual worlds. Several banks and insurance companies are entering this world, far removed from their traditions. Some have even set up branches there. However, what are these financial institutions trying to achieve by entering this market segment? This book addresses these questions with contributions from academics and experts from both fields.
Author: Nadia Mansour
Publisher: Springer
ISBN: 9783031675461
Category : Business & Economics
Languages : en
Pages : 0
Get Book Here
Book Description
This edited volume examines the impact of the metaverse on finance and law. As the commercial development of the internet and digital technology has done for more than thirty years, the metaverse phenomenon raises questions about the relevance of existing legal rules in dealing with new practices: between the need for adaptation, evolution, or new rules. While the Blockchain ecosystem has developed steadily over the last few years and its applications are still evolving, can we assume that the metaverse will become "the most prodigious phenomenon of the 21st century"? The term metaverse refers to a virtual world. Technically, using known but evolving technologies, the term refers to a network of 3D virtual worlds. In its current state of development, there is a metaverse and not a single virtual world as there is an internal one, simply because its development is still dependent on proprietary technologies. The development of the metaverse is no less accurate, and a few recent examples suggest that lawyers will not be able to escape this phenomenon, which looks set to involve individuals, companies, and institutions. The financial world is not immune to the emergence of the metaverse either. Traditional finance is moving into new virtual worlds. Several banks and insurance companies are entering this world, far removed from their traditions. Some have even set up branches there. However, what are these financial institutions trying to achieve by entering this market segment? This book addresses these questions with contributions from academics and experts from both fields.
Author: Hung-Yi Chen
Publisher: Springer Nature
ISBN: 3031548027
Category :
Languages : en
Pages : 274
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Book Description
Author: Annelieke Mooij
Publisher: Springer Nature
ISBN: 3031464176
Category : Law
Languages : en
Pages : 117
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Book Description
This open access book examines regulating an environment that has no jurisdiction, is fully anonymous and infinitely vast? Welcome to the Metaverse, an online virtual reality that is expected to add billions to the global economy. The Metaverse offers a new type of virtual economy with practically endless business opportunities. The question is how to prevent these opportunities from being abused to commit money laundering and finance terrorism (MLFT). This book explores the current European Union legislation designed to prevent MLFT in connection with the Metaverse. It analyses the legislation in relation to the three traditional stages of MLFT: placement, layering and integration. Furthermore, some additional risks specific to the Metaverse are discussed, such as Non-Fungible Tokens (NFTs) and the high level of anonymity. The book concludes that the current legislation is not suitable for facing the new challenges of the Metaverse. In turn, the book puts forward a novel approach to regulating and enforcing MLFT legislation: using a system of smart assets equipped with AI to prevent and detect MLFT. In addition, it makes recommendations on how to improve the legal framework with regard to the new challenges arising from the Metaverse. Particular attention is given to creating a legal framework that incorporates the use of smart assets and the Internet of Things, in order to provide a safe environment for potential users and society. With a solid background in financial law and technology, the author successfully creates a novel system of regulation and enforcement that is based on the use of automatic enforcement, whilst keeping sufficient legal safeguards in place for potential Metaverse users. This book will be of interest to anyone interested in the Metaverse. Whether you want to regulate it or open your own virtual business, it’s a must-read!
Author: Larry A. DiMatteo
Publisher: Edward Elgar Publishing
ISBN: 1035324865
Category : Law
Languages : en
Pages : 439
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Book Description
This Research Handbook analyses the role of law in a universe fractured by new disruptive technologies such as metaverse platforms. Contributing authors explore how the law will adapt as new dimensions of the metaverse are introduced to issues such as intellectual property rights, e-commerce, NFTs and cryptocurrencies, data privacy, contract law, as well as human rights, consumer law and criminal law. The abuse and manipulation of users is studied in several contributions.
Author: Omer Aamir
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The digital era has improved many aspects of our lives. There has never been greater access to information, nor a time when so much of the information available to us was free. Many marginalized groups and individuals now have large and unstoppable digital megaphones in their hands. Those who are physically far apart can feel closer to each other. Art has never been so easy to find, nor have so many artists paid for their work. Similarly, knowledge and expert opinions in fields ranging from medicine to law to education to aeronautics to finance are readily available through digital media (usually free).The metaverse is a shared virtual world accessed through physical means that users can access from any platform while connected to the internet, and where they can interact through their virtual avatars. It will likely be used for a multitude of purposes such as gaming (the primary use as of now), shopping and novel advertising, job training, education, working remotely, doctor's appointments, travel, social activities, entertainment, buying and selling virtual land, trading crypto & NFT's and selling real-world goods virtually. Access to the Metaverse can be via virtual reality, augmented reality, or a combination of both. Metaverse is a unique development in cyberspace. It uses Virtual Reality (VR) and Augmented Reality (AR) headsets to transpose users from physical space to virtual reality. A person sitting in Nigeria can roam the fields and hill tracts of Mongolia. People can weigh in on opinions about the Russia-Ukraine conflict, Taiwan strait crisis, and Israel-Palestine dispute amongst a host of other topics with people across the globe while interacting in the Plaza and people with common interests such as soccer fans can find a meeting place. Also, business executives can conduct conferences, attend meetings, and deliver presentations while sitting in the comfort of their homes. However, a host of important questions arise as to how to regulate this new frontier. The issues of concern regarding data collection (such as biometric data specifically), which might later be used by algorithms for targeted advertised campaigns make regulators wary of this new space. Moreover, there is the looming threat that with a lack of criminal code regulating activities in the metaverse, it might be circumvented by unscrupulous fraudulent actors for unlawful activities. These concerns are addressed in Section iii (a) of this report. Also, the question of regulating and underwriting financial transactions and contracts in the metaverse is something that is not entirely covered by existing laws and regulations. Lastly, the spread of fake news across the metaverse can result in disastrous consequences in the real world. The need to regulate the metaverse requires a robust legal architecture that caters to the ever-evolving needs of this new space; in particular regulating targeted advertising and marketing in this new domain.
Author: Hung-Yi Chen
Publisher: Springer Nature
ISBN: 3031119541
Category : Business & Economics
Languages : en
Pages : 188
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Book Description
FinTech is an emerging field and most of the existing literature appears in the form of industry reports, consulting reports, working papers, and policy recommendations. Although FinTech has been widely discussed for many years, there is a paucity of literature on some categorizations of FinTech. This edited volume distinguishes itself by focusing on academic works of scholars with a different area of specialization in the FinTech field including technology, innovation and regulation. In particular, the book focuses on the laws and technologies necessary to comprehend the role of the legal system in technological innovations and will be helpful for regulatory policymaking. A practical compendium that explains concepts and follows through on applications in FinTech including its challenges and evolving nature, this book will be of interest to students, scholars, practitioners as well as regulators and policy makers.
Author: Nadia Mansour
Publisher: Springer Nature
ISBN: 3031278607
Category : Business & Economics
Languages : en
Pages : 549
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Book Description
This volume discusses the role and characteristics of Islamic finance and how it can contribute to a sustainable financial system. Islamic finance is not only for the 1.5 billion Muslims. Several countries are interested in it because it has interesting characteristics in terms of transparency and banking regulation. Although the origins of Islamic finance date back several centuries, its resurgence is relatively recent. From its modern beginnings in Egypt and Malaysia, Islamic finance is now a growing sector and its recent performance contrasts with that of conventional banks. Rapid growth and innovation are transforming the sector, driving economic development in an increasing number of jurisdictions, while also increasing the number of new opportunities and challenges. Today, with the problem of climate change and its adverse effects on the whole world, the flexibility of Islamic finance concerning the operations available to those who wish to finance the development of infrastructure, makes this area crucial for sustainable finance.
Author: Cui Yadong
Publisher: Springer Nature
ISBN: 981971060X
Category :
Languages : en
Pages : 490
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Book Description
Author: Albin Spinner
Publisher: Springer Nature
ISBN: 303153915X
Category : Derivative securities
Languages : en
Pages : 276
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Book Description
Derivative trading? That's something for Wall Street types, right? Maybe, but it also affects everyone else in ways that are still little appreciated. Futures traders have paralysed the global trade of nickel, a key component in the battery of your neighbour's Tesla. For a few minutes one trading day during the pandemic, sellers of crude oil were paying buyers to take the stuff, defying the very notion of trading, in an episode straight out of "Alice in Wonderland". Understanding how this obscure corner of finance works (and what happens when it doesn't) is a key pillar of financial literacy today. If you are a financial markets practitioner, everyday investor, academic, regulator, policy maker or kitchen-table economist, you need to know how financial derivatives really work and be aware of the emerging digital innovations that makes this market the highest stake metaverse.
Author: Dr. M. Sanjoy Singh, Prof. S. K. Baral
Publisher: True Sign Publishing House
ISBN: 9359885509
Category : Business & Economics
Languages : en
Pages : 207
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Book Description
"Microfinance Metaverse Intervention in Changing Context" delves into the transformative intersection of microfinance and the burgeoning metaverse. As the digital realm of the metaverse expands, the book explores its profound implications on microfinance, examining how virtual banking and digital currencies are revolutionizing grassroots financial services. Beyond traditional models, microfinance institutions are now tapping into virtual economies, leveraging immersive technologies to reach underserved populations with unparalleled efficiency. The narrative seamlessly intertwines the technological nuances of the metaverse with the core principles of microfinance, offering insights into the democratization of finance in this digital age. Yet, with innovation come challenges. The book doesn't shy away from addressing the regulatory hurdles, ethical dilemmas, and socio-economic considerations that this fusion introduces. A groundbreaking exploration, it lays the foundation for understanding the next frontier in financial inclusion in our ever-evolving digital landscape.
