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South Korea Fails to Play Game for Profit

South Korea Applicants for App Stores to End 'Play-To-Earn' Crypto Games

Picture: Pau Barrena (Getty Images)

Play-to-Earn (P2E) games where users exchange their playing time to earn crypto currency with soon taking the crypto team by storm, is the most recent case of corruption in South Korea. Regional newswire Naver was first to announce South Korean authorities ask Apple and Google to ban the game ‘ sharing at home.

The request came from the South Korea Game Management Committee (GMC) —a accredited branch of the Ministry of Culture, Sport and Tourism in the country, as part of South Korea’s efforts to introduce new rules for App Store users across the region. Officials made the final announcement that as part of the code, Apple and Google should approve third party payment systems in their South Korean App Store.

Local legislators to say The two companies have not done much in the way of compliance, especially since remuneration in August, and it is unknown at this time what he will do after leaving the post. Some of the top game developers in the country go with P2E games right now, although they often live technically banned from distributing land in South Korea already.

As one of GMC he explained at CoinTelegraph, this is because some of the money donated by popular P2E titles over 10,000 South Korea wins (about $ 8.40) per pop, which means they technically qualify as “rewards” according to current South Korean law. Based on this, the official continued, it was “reasonable” to ban P2E games from being of the required age to be registered in the software store – probably because doing so gives young people the opportunity to earn unnecessary money. fixed amount.

Existing local laws did not stop P2E users from sharing their games, which leads us to a recent GMC request for App Store users only.

Naver says the Committee sent letters this week asking Apple and Google to stop developers from registering in stores without age, possibly from GMC. or through a household manager. But if the game can’t get the grading initially because of the huge amount of money it promises players, then that’s fine.

South Korean officials painted the game players in the corner where the only option that can be mentioned is to pay less for users, which seems to be a move that bites players in the buttocks more than anyone else. But considering how this country has so many others strict rules when it comes to how citizens are allowed to access bitcoin, it’s no surprise to see games — and players — coming under fire, too.

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