The Ministry of Culture, Sports and Tourism of Korea has demanded that Google and Apple block any games that work according to the model in mobile marketplaces. Play-to-Earn (P2E). Writes about it Naver.
The decision was made by the Games Management Committee formed within the department.
The initiative is aimed at combating the spread of speculative money-making schemes bypassing the laws. According to the publication, the requirement is actually prohibitive for P2E game developers.
Starting in April, they began to seek through the courts a revision of the assigned age rating. Earlier, the authorities introduced this criterion to restrict the placement of such applications in marketplaces for citizens of the country.
In June, the game The Fivestars for the Klaytn blockchain achieved the removal of the ban. This is expected to set a precedent for other developers.
According to the representative of the committee, its members are guided by the decision of the Supreme Court. He ruled that the prizes received in the games may not exceed 10,000 Korean won ($ 8.42) on a case-by-case basis.
“We consider it advisable to prohibit the assignment of age ratings to P2E games, since monetary rewards in games can be interpreted as prizes.”, – explained the source.
According to CointelegraphThe Committee’s current position will have a negative impact on all P2E games, including the most popular Axie Infinity and Splinterlands, according to DappRadar…
Let us remind you that in November the financial regulator of South Korea announced the possible taxation of transactions with NFT.
Previously, the SK Telecom division required portfolio companies to be present in the metaverse.