South Korean government demanded Google and Apple remove P2E games from app stores
The Game Management Committee considers this way of earning money to be speculation
29.12.2021 - 07:55
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What’s new? South Korea has begun blocking “play-to-earn” (P2E) games. The Game Management Committee (GMC) under the Ministry of Culture has appealed directly to Google and Apple with a demand to remove such applications from stores, reports the South Korean Naver news agency.
Why has the country taken such measures? The Korean government has called the P2E games “speculative schemes.” Even before the blocking, a law was introduced on assigning an age rating to such applications, which made it much more difficult for developers to enter the gaming markets. Also, according to the law, the cash prizes in games cannot exceed 10 000 won ($8,42) at a time.
What will be the consequences of the blocking? The GMC's stance targets all the P2E gaming applications, including even the most popular ones, Axie Infinity and Splinterlands. South Korea also intends to ban the sale and purchase of non-fungible tokens (NFTs).
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