play 2 earn
Korean government tells Apple and Google stores to take down P2E games
The South Korean government has moved to block the release of new play to earn (P2E) games and requested that existing ones be removed from Google Play and Apple’s App Store. P2E gaming has become popular in the cryptocurrency industry. Gamers typically must first purchase game pieces as non fungible tokens in order to play the game and receive in-game rewards. However gaming prizes over a few dollars are banned in South Korea. The Game Management Committee (GMC) in the Ministry of Culture, Sports, and Tourism yesterday requested major mobile app marketplaces block any games that require in-app purchases before playing the game. To combat the proliferation of what it sees as speculative money-making schemes, the GMC has made it all but impossible for P2E game developers to get their work l...
