One of the most digitally advanced countries in the world is blocking mobile games from playing for money.
The Korean government looks set to block mobile games from being played for money because it has asked Apple and Google to remove P2E games from their respective mobile app stores, while also blocking release new P2E games.
Gaming for money is becoming more popular, as it is connected with the cryptocurrency industry. People who play these types of games often have to purchase NFTs to progress or play the game or get in-game items. But in South Korea, game prizes worth more than a few dollars are banned.
South Korea’s Gaming Regulatory Commission (GMC), under the Ministry of Culture, Sports and Tourism, said earlier this week that it would block the launch of new P2E games and request that existing games be removed. available from Google Play and Apple’s App Store (according to Coin Telegraph).
Major mobile app stores operating in South Korea will now have to block any games that require in-app purchases before allowing anyone to play. South Korea has strict regulations regarding gambling, gaming and age ratings, and GMC is moving to restrict what it sees as speculative money-making schemes, while technically GMC also are following age guidelines.
In a statement, a government official said: “It is reasonable to keep P2E games from being age-rated under applicable law as cash rewards in games can be considered prizes.” – as reported by Coin Telegraph.
P2E game developers in South Korea have struggled to get age ratings for their apps, while prizes earned from games in the country cannot exceed 10,000 Korean Won ( about $8.40) each time. While the move is not an outright ban, these new regulations and the prevailing mood suggest that games played for money will have a hard time finding audiences because of the current P2E games. Yes will be removed from the two most popular mobile app stores, while new games won’t be listed either.
South Korea’s stance has negative consequences for all P2E applications, such as the two most popular Axie Infinity and Splinterlands, who will miss out on a population with smartphone penetration and The highest mobile game in the world.
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https://www.thegamer.com/south-korea-blocking-play-to-earn-mobile-games/ Korea is blocking mobile games from playing for money