(P2E)games
The South Korean Government has requested Google and Apple to block Play-to-earn (P2E)games from their representative app stores. Media Reported that the government had ordered two firms not to allow the release of “money-making games” until further examination.
Furthermore, the South Korean Government has begun monitoring blockchain-based games.
The game Management Committee under which is under the Ministry of Culture, Sports and Tourism of South Korea has requested from relevant operators to block the activities of these games.
The game Management Committee under which is under the Ministry of Culture, Sports and Tourism of South Korea has requested from relevant operators to block the activities of these games.
They intend to carry out this blocking is to prevent the registration of applications from the outset, hence the request to Apple and Google.
By the way, this is not a total ban. As the media reported It looks like these games can be released, but for permission, the relevant games need to get a rating from the Gaming Management Committee.
Furthermore, they are looking forward to such things as the age rating. As the media reported the Committee has already canceled 15 blockchain-based games in 2021.
At the moment P2E games are very popular. Since early 2021 the presence of these games had increased in huge numbers.
These games allow their users and players to earn from their activities. A large number of these game users are from the Asian region. As the banks and monetary companies say some players have been able to make a considerable amount of money from these games.
This was the main reason that the governments had been attracted to these P2E games. Since then governments and Security authorities have begun to monitor these activities.
South Korea monitors’ these games so closely while their recent move is to end play-to-earn games to take control of the crypto activities and crypto market.
South Korea has one of the most active regulations. Recently South Korea has taken action including a tax scheme, which bans privacy coins and users should have official certification from the exchange
Legislators have not shied away from imposing severe penalties when necessary, and it looks like it’s not going to change.
The country’s crypto favorites expect the government will make a pushback against the abolition of P2E games, despite government officials saying they have no idea of a pullback.
