Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
What's Hot

Stablecoins are becoming institutional as Morgan Stanley rolls out a new portfolio

2026-04-24

Bitcoin is existing on exchanges at an alarming rate, but how are BTC investors faring in terms of profits?

2026-04-24

Pattern Energy wins the first InEight project championship for the SunZia wind and transmission project

2026-04-24
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    The question is not whether privacy. It’s what kind of privacy

    2026-04-24

    Bitwise CIO calls for the launch of a new AVAX ETF

    2026-04-24

    The $292 Million Kelp DAO Exploit Shows Why Crypto Bridges Are Still One of the Weakest Links in the Industry

    2026-04-24

    Ripple joins the BIS Taskforce to expand cross-border payments

    2026-04-24

    ZetaChain hires Kimi and Alibaba Qwen as AI models go cross-chain

    2026-04-24
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    The US Admiral Who Destroyed Crypto Now Runs A Bitcoin Node For US Security

    2026-04-23

    The American Bankers Association is calling for a 60-day pause to prevent stablecoin rules from going live

    2026-04-23

    Banks Fund Crypto Attack Ads in Washington, as More Than 3,000 Banks Unite to Stop the Clarity Act from Passing the Senate

    2026-04-21

    Have rate refunds been purchased at 20 cents on the dollar by Cantor Fitzgerald, a stablecoin-backed Treasurys custodian?

    2026-04-21

    Crypto will enter the US banking system through a backdoor, not through regulation

    2026-04-18
  • Analysis

    Bitcoin Shows Resilience Above $78,000 After Trump’s New Rhetoric Pushes Oil Prices Back Above $100

    2026-04-24

    Bitcoin price strengthens, new upside targets come into view

    2026-04-24

    Trump “not happy” with prediction markets

    2026-04-24

    Ethereum price continues to rise, another drop could happen

    2026-04-24

    Dogecoin (DOGE) Becomes Attractive: Bulls Target Major Upside Breakouts and Gains

    2026-04-24
  • Learn

    Wall Street won’t stop buying. Bitcoin will not break out. What gives?

    2026-04-20

    Changelly launches ultimate DeFi Swap Flow and API for cross-chain and on-chain swaps

    2026-04-18

    What Is Etherscan? How to Use the Ethereum Block Explorer

    2026-04-17

    What Is a Crypto Faucet and How Does It Work?

    2026-04-17

    Crypto Bubbles Explained

    2026-04-17
  • Blog
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Metaverse»Proposing China’s New Metaverse: Echoes of the Social Credit System
Proposing China's New Metaverse: Echoes of the Social Credit System
Metaverse

Proposing China’s New Metaverse: Echoes of the Social Credit System

2023-08-21No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

China has set its sights on influencing the burgeoning metaverse, a tech empire that promises vast virtual worlds, and its recent proposals bear striking parallels to the much-discussed social credit systems.

The proposals, drafted by the state-owned telecom operator China Mobile, highlight the creation of a “digital identity system” tailored to all metaverse users. This ID is intended to include both “natural features” and “social features”. Such characteristics include a range of personal data points, from a person’s occupation to ‘character identifiers’. A particularly strong recommendation within the proposals is that this collected information should be stored “permanently”. In addition, it must be accessible to law enforcement authorities, ensuring “the order and security of the virtual world”. The proposals were first reviewed and reported by Politico.

“Spreading Rumors and Creating Chaos”

To paint a clearer picture, the proposals outline an illustrative scenario. Enter “Tom”, a hypothetical metaverse user who disrupts the virtual peace. Tom “spreads rumors and causes chaos in the metaverse”. The proposed digital identity system would allow authorities to track down Tom quickly and then punish him.

These discussions are not limited to China’s borders. In fact, they form a segment of broader dialogues between global technology specialists and officials affiliated with the International Telecommunication Union (ITU). This body, an arm of the United Nations, bears the responsibility of formulating global regulations that dictate the trajectory of technological evolution.

Chinese public and private stakeholders have striven to set global benchmarks for emerging technologies at ITU. Western officials have expressed concern at this approach, citing China’s intention to push for a more government-regulated model of the internet and telecommunications.

China’s Metaverse Plans

In a recent speech in June, Wu Zhong-ze, formerly deputy minister of China’s Ministry of Science and Technology, stressed the critical role the metaverse could play in various industries. His comments show the growing importance of the metaverse and, by extension, other Web3 technologies.

See also  Bored Ape by Snoop Dogg comes with an exclusive sneaker line

This recognition comes even as China imposes strict regulations around cryptocurrencies and NFTs. However, the country is not ignoring the potential haven of Web3 technologies, especially their ability to drive the growth of the digital economy.

Integration of Metaverse in key sectors

Central to Wu Zhong-ze’s message is the importance of connecting the metaverse in key economic sectors: education, commerce, healthcare and entertainment. He envisions a future where harnessing the metaverse could usher in transformative benefits, paving the way for unprecedented opportunities within these industries.

China is more than content with passive exploration. While the metaverse landscape is witnessing exponential growth, Wu Zhong-ze emphasized the compelling nature of industry benchmarking. These standards are not just guidelines; they are seen as the foundation that ensures the growth, stability and ethical progress of the metaverse ecosystem. By distinguishing clear parameters, China aims to create a metaverse arena that simultaneously nurtures innovation, promotes partnerships and mandates regulatory compliance.

China’s efforts to shape the future of the metaverse are clear. With a dual focus on regulation and innovation, the country wants to be at the forefront of this digital frontier. However, by intertwining technological advances with rigorous monitoring, the country is treading a thin line between innovation and restrictions on its users. The global community is watching closely, wary of the implications of such an oversight in China’s upside-down blueprint.

Source link

Chinas Credit Echoes Metaverse Proposing Social system
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why is Bitcoin’s social engagement the lowest in the last 365 days – Details

2026-04-20

Crypto will enter the US banking system through a backdoor, not through regulation

2026-04-18

Firstsource launches Kairos: the operating system that provides working intelligence

2026-04-16

XRP Social FUD Nears Two-Year High – Contrarian Signal?

2026-04-13
Add A Comment

Comments are closed.

Top Posts

Ethereum Liquid Staking Protocols Reach New Milestone After Massive Inflows

2023-09-26

Arizona ready to create first-in-nation state crypto reserve fund threatening

2025-04-18

Blockchain Association Responds to Elizabeth Warren, Saying Crypto Could Disrupt ‘Too Big To Fail’ Banks

2024-01-09
Editors Picks

Avalanche’s browser Snowtrace stops working under a tight deadline

2023-10-31

Bitcoin price remains above $63,000 – here is the next critical resistance level

2024-10-13

ECB says that President Trump could blow up the European economy with crypto -Omhelzing: report

2025-04-24

Trader Who Ran The 2023 Crypto Rally Warns Of Outbreak Of Counterfeit Bitcoin If ETF Is Approved – Here’s His Prospect

2023-08-27

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Stablecoins are becoming institutional as Morgan Stanley rolls out a new portfolio

Bitcoin is existing on exchanges at an alarming rate, but how are BTC investors faring in terms of profits?

Pattern Energy wins the first InEight project championship for the SunZia wind and transmission project

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
© 2026 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.