Wednesday, September 28

Korean government calls on Apple and Google stores to withdraw play-to-earn games By CoinTelegraph

© Reuters. Korean government calls on Apple and Google stores to withdraw play-to-earn games

The South Korean government has taken steps to block the launch of new “play to earn” (P2E) games and has called for existing ones to be withdrawn from Google (NASDAQ 🙂 Play and the Apple App Store (NASDAQ :).

P2E games have become popular in the cryptocurrency industry. Players usually have to purchase in-game items / items such as non-fungible tokens first in order to play and receive in-game rewards. However, in South Korea gambling prizes of more than a few dollars are prohibited.

  • Huobi Research: GameFi apps reignite interest in blockchain gaming

The Games Management Committee (GMC) of the Ministry of Culture, Sports and Tourism yesterday asked the main mobile application markets to block games that require in-application purchases before being able to play.

Read the full article on Cointelegraph

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