Meta urges Washington to delay new metaverse governance rules
Meta recently released a document in which it recommended that the government stop developing new Metaverse regulatory rules. Meta believes that excessive regulations will hinder its growth and innovation. Bloomberg News reports that Meta issued a policy paper on Friday urging policymakers not to develop new rules for the Metaverse. According to the tech company, this document is a call for policymakers to halt the development of new rules to regulate the Metaverse.