Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG
No Result
View All Result
Invest In Crypto News
No Result
View All Result

China proposes to bring its social credit system to the metaverse: Report

CryptoExpert by CryptoExpert
August 21, 2023
in Regulation
0
China proposes to bring its social credit system to the metaverse: Report
  • Facebook
  • Twitter
  • Pinterest



You might also like

France Budget Rejection Sidelines Crypto Tax Amendments

How Low Can the XRP Price Go?

Kalshi reportedly faces potential CFTC charges: Politico

China is reportedly looking to implement a system akin to its social credit system in the metaverse and other online virtual worlds.

POLITICO reported on Aug. 20 that state-owned telco China Mobile hasproposed a digital ID for all metaverse and online virtual world users that work with “natural characteristics” and “social characteristics.”

The proposals say “to keep the order and safety of the virtual world” the ID would harbor a slew of personal information and identifiable signs including a person’s job and suggested such data be permanently stored and shared with authorities.

An example of the benefits of the system was provided with a problem user that “spreads rumors and makes chaos in the metaverse” — with the digital ID allowing police to quickly find and punish the person.

Tokenmetrics

The proposal mirrors China’s social credit system — an in-development infrastructure designed to improve behavior that scores and ranks citizens across various metrics. It has also been an enforcement tool.

In 2019, the Associated Press reported that authorities blocked social offenders from purchasing plane tickets 17.5 million times in 2018. Other social offenders were punished by being barred from purchasing train tickets 5.5 million times.

On July 5, China Mobile put forward the proposals as part of discussions with a focus group on the Metaverse put together by the United Nations’ communications technology agency the International Telecommunication Union (ITU).

Join us in Shanghai July 4-6 for our #metaverse focus group, followed by a forum on July 7 and be part of key pre-standardization effort.With int’l #standards we can create global access to knowledge & tech for #metaverse to benefit everyone, everywhere.https://t.co/4IrlYExOjW pic.twitter.com/3XAiCu90zz

— Int’l Telecommunication Union (@ITU) July 3, 2023

The metaverse focus group meets again in October, when the proposals could be voted on.

If passed, they could majorly influence telcos and tech firms, as the ITU’s metaverse group is aiming to develop new standards for metaverse services.

Chinese firms taking part in the focus group are purportedly firing off many more metaverse proposals compared to those from the United States and Europe, according to one group contributor that spoke to POLITICO.

Related: Chinese man sentenced to 9 months in prison for buying $13K in USDT

They said China is “trying to play the long game” so that its proposals are the standard for the metaverse if its use becomes widespread.

“Imagine a metaverse where your identity protocols are set and monitored by Chinese authorities. Every government must ask themselves: ‘Is that the kind of immersive world we want to live in?’” the person said.

Magazine: Asia Express: China’s risky Bitcoin court decision, is Huobi in trouble or not?





Source link

  • Facebook
  • Twitter
  • Pinterest
Tags: Bitcoin
CryptoExpert

CryptoExpert

Recommended For You

France Budget Rejection Sidelines Crypto Tax Amendments

by CryptoExpert
November 15, 2026
0
Cointelegraph

The French National Assembly rejected the 2027 state budget’s revenue section late Wednesday, removing crypto-related amendments from the version of the bill sent to the Senate.The Assembly rejected...

Read more

How Low Can the XRP Price Go?

by CryptoExpert
November 15, 2026
0
XRP/USD : XRP Price Today

XRP price has fallen below $1 as selling pressure continues across the cryptocurrency market. ETF withdrawals and derivatives liquidations have added to the decline, while large holders are...

Read more

Kalshi reportedly faces potential CFTC charges: Politico

by CryptoExpert
November 15, 2026
0
Cointelegraph

Prediction markets operator Kalshi is being warned of imminent charges from the US Commodity Futures Trading Commission over whether the operator properly notified the agency about new products,...

Read more

Bitcoin, Ethereum And XRP Hit Make-Or-Break Levels After Brutal Sell-Off

by CryptoExpert
November 14, 2026
0
Bitcoin, Ethereum And XRP Hit Make-Or-Break Levels After Brutal Sell-Off

Bitcoin fell to $65,420.59, down 4.8% in 24 hours and 13.6% over the past week, according to CoinGecko data. Ether and XRP fell further. The levels traders had...

Read more

SEC Enforcement Actions Fall 24%, Highlights Crypto Fraud Cases

by CryptoExpert
November 14, 2026
0
Cointelegraph

The US Securities and Exchange Commission (SEC) filed 348 enforcement actions in fiscal 2026, down 23.7% from 456 a year earlier. Its annual enforcement results included cases involving...

Read more
Next Post
Price prediction for Kaspa, Hedera and Shiba Memu

Price prediction for Kaspa, Hedera and Shiba Memu

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 65,176.00
ethereum
Ethereum (ETH) $ 1,827.28
tether
Tether (USDT) $ 0.999623
bnb
BNB (BNB) $ 595.04
usd-coin
USDC (USDC) $ 0.99982
xrp
XRP (XRP) $ 0.969389
solana
Solana (SOL) $ 72.27
tron
TRON (TRX) $ 0.305128
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.06

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?