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has taken steps to block the launch of new “play to earn” (P2E) games and has called for existing ones to be withdrawn from Google (NASDAQ 🙂 Play and the Apple App Store (NASDAQ :).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