According to EU antitrust chief Margrethe Vestager, the metaverse has not yet raised any concerns that require legislation to regulate it. Vestager plans to present an initiative next week to help competition regulators understand the dynamics of the industry. Despite fears that companies like Facebook, Microsoft, and Apple may dominate the metaverse, Vestager does not have any competition concerns and believes that existing digital legislation can apply to it. However, she cautions against jumping to regulation as the first safety measure and emphasizes the need for careful implementation.
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