Today news
About the same in other media
15.01 - 00:37
South Korean Gaming Regulator to Force Crypto Games off Google, Apple App Marketplaces
Reading now: 922
South Korea’s gaming regulator has extended the scope of its crypto and blockchain gaming freeze-out by warning developers they must remove play-to-earn titles from the Google Play and the Apple App Store.
As reported last month, the regulatory Game Rating and Administration Committee (GRAC) reiterated its hardline stance that games that feature tradeable non-fungible tokens (NFTs) cannot be given age-appropriate licenses – effectively barring them from distribution in the country.
Other blockchain titles have also been barred if they make use of tradeable cryptoassets. South Korean gambling laws are among the tightest in Asia, and the government sees NFT and play-to-earn titles as a form of speculation.
Some developers have attempted to
Read more on cryptonews.comAbout this in other media
South Korea Raises Interest Rates Back to Pre-Pandemic Level wsj.com /2 years ago
Prosecutors Want to Put ‘Bogus’ Crypto Exchange Chiefs Behind Bars for Life in Legal First cryptonews.com /2 years ago
Cointelegraph Consulting: A look at Terra’s ecosystem cointelegraph.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
