South Korea Tightens Noose against P2E games by involving Apple and Google.
In a recent move by the regulatory authorities in South Korea, Apple and Google are asked to remove play-to-earn games from their respective stores. South Korea’s Game Management Committee (GMC) states that the P2E games breach its local rules about how much money a player can earn from a game in one go.
The step to ask Google and Apple to remove P2E games comes in light of South Korea’s Supreme Court decision. The country is implementing new laws related to crypto and P2E games which lead GMC to ask leading app store companies to delist games.
Moreover, it has also asked Apple and Google not to provide age restrictions to such games which will ultimately stop the release of the games. Under South Korean laws, game developers are required to obtain age classification to launch a game in the country.
The age rating is obtained by the government’s Game Content Rating Board (GRCB), or Independent Rating Classification Business Entity like App Store and Google’s Play Store.
This move will stop the release of P2E games in South Korea and evidently, the country’s stance against blockchain-based games is getting tougher and forceful.
A GMC official released a statement in this regard, “It is reasonable to keep P2E games from getting age ratings under the current law," reports Coin Telegraph, "because cash rewards in games can be considered prizes.
South Korean law only allows a player to make $8.42 from a game at one single time. However, there are cases where the government’s age rating move hasn’t turned out as successful.
Recently, “Fivestars for Klatyn” game succeeded in getting approval when its developer won an injunction against the order. To counter this loophole, GMC has asked Apple, and Google to block such games that require in-app purchases before a player could even start to play them.
Gaming News Of Video Game Consultant;
Gaming News Every day the latest video game news about the gaming industry. Video games news on NFTs (non-fungible tokens, NFT, NFT’s) , Play to Earn (P2E/Play-to-Earn), crypto games and cryptocurrencies, gaming guilds, Metaverse, VR, AR, AI, Virtual Worlds, Avatars, Digital Assets, In-game digital currencies, Web3 development, Blockchain-based video games and its transactions and payments in the games.
Entertainment and all the big tech companies and technology behind it. Hyper Casual Games and the game studio’s that lead the way. Mobile games, PC games and Console Games and their vision on cloud gaming, streaming, esports and gamer communities. Online digital entertainment like movies, music, concerts, art and top brands such as fashion and much more that connect with video games in the metaverse.
If you want to stay up-to-date of my daily game news, then follow me on Google News.
If you want to find all game reviews on our sites, then check these pages:
- Play-To-Earn Game review page 1
- Play-To-Earn Game review page 2
- Play-To-Earn Game review page 3
- Play-To-Earn Game review page 4
- Play-To-Earn Game review page 5
- Play-To-Earn Game review page 6
- Play-To-Earn Game review page 7
- Play-To-Earn Game review page 8
- Play-To-Earn Game review page 9
- Play-To-Earn Game review page 10
- Play-To-Earn Game review page 11
- Play-To-Earn Game review page 12
- Play-To-Earn Game review page 13
- Play-To-Earn Game review page 14
- Play-To-Earn Game review page 15
- Play-To-Earn Game review page 16
