David Szafranlawyer (CEW & Partners), moderated the webinar organised by the European Incubator of the Brussels Bar Association on Law in the Metaverse.

The Metaverse can be defined as a virtual world in which people interact through their avatar.

Several metavers incorporate blockchain technology, in which virtual plots of land and buildings created through non-fungible tokens (NFTs) can be acquired using virtual currencies (crypto-currencies).

These developments give rise to many legal issues, for example in the field of consumer protection, competition law, protection of personal data and privacy, intellectual property, contract and liability law, accounting and tax law and financial law (derivatives, prospectus legislation, etc.).

In addition, several specific regulations have been adopted or are in preparation at European level. These include anti-money laundering and combating the financing of terrorism, distributed ledger technology (DLT) and crypto-asset markets (exchange platforms, custodians and other service providers, as well as issuers of crypto-assets)

For more information, please contact: David Szafran (david.szafran@cew-law.be), lawyer, CEW & Partners.