Third person view doesn't work beyond X/Z: 67,108,864

Beyond 67,108,864 blocks on the X/Z axis, third person view doesn't work properly. The player is only able to look around a direction perpendicular to the axis that exceeds this coordinate. E.g. If only the X axis is beyond 67,108,864 blocks, the player is only able to look horizontally on the X axis. Furthemore the game crashes if both the X and Z coordinates exceeds 67,108,864 blocks and the game is set to use third person view.