South Korea's Removal Play-to-Earn

South Korea's Removal Play-to-Earn

Play To Earn Games | 08 May 2023 08:04 UTC

South Korea Tightens Noose against P2E games by involving Apple and Google.

In a recent move by the regulatory authorities in South Korea, Apple and Google are asked to remove play-to-earn games from their respective stores. South Korea’s Game Management Committee (GMC) states that the P2E games breach its local rules about how much money a player can earn from a game in one go.

South Korea's Request Removal Play-to-Earn Games From App Stores
South Korea's Request Removal Play-to-Earn Games From App Stores

The step to ask Google and Apple to remove P2E games comes in light of South Korea’s Supreme Court decision. The country is implementing new laws related to crypto and P2E games which lead GMC to ask leading app store companies to delist games.

Moreover, it has also asked Apple and Google not to provide age restrictions to such games which will ultimately stop the release of the games. Under South Korean laws, game developers are required to obtain age classification to launch a game in the country.

The age rating is obtained by the government’s Game Content Rating Board (GRCB), or Independent Rating Classification Business Entity like App Store and Google’s Play Store.

This move will stop the release of P2E games in South Korea and evidently, the country’s stance against blockchain-based games is getting tougher and forceful.

A GMC official released a statement in this regard, “It is reasonable to keep P2E games from getting age ratings under the current law," reports Coin Telegraph, "because cash rewards in games can be considered prizes.

South Korea's Request Removal Play-to-Earn Games From App Stores
South Korea's Request Removal Play-to-Earn Games From App Stores

South Korean law only allows a player to make $8.42 from a game at one single time. However, there are cases where the government’s age rating move hasn’t turned out as successful.

Recently, “Fivestars for Klatyn” game succeeded in getting approval when its developer won an injunction against the order. To counter this loophole, GMC has asked Apple, and Google to block such games that require in-app purchases before a player could even start to play them.

Gaming News Of Video Game Consultant;

Gaming News Every day the latest video game news about the gaming industry. Video games news on NFTs (non-fungible tokens, NFT, NFT’s) , Play to Earn (P2E/Play-to-Earn), crypto games and cryptocurrencies, gaming guilds, Metaverse, VR, AR, AI, Virtual Worlds, Avatars, Digital Assets, In-game digital currencies, Web3 development, Blockchain-based video games and its transactions and payments in the games.

Entertainment and all the big tech companies and technology behind it. Hyper Casual Games and the game studio’s that lead the way. Mobile games, PC games and Console Games and their vision on cloud gaming, streaming, esports and gamer communities. Online digital entertainment like movies, music, concerts, art and top brands such as fashion and much more that connect with video games in the metaverse.

If you want to stay up-to-date of my daily game news, then follow me on Google News.

If you want to find all game reviews on our sites, then check these pages:

Tags

blockchain, Play to Earn Games, play to earn, crypto, P2E Games, p2e, games, Player, players, age classification, age restriction, app store, apple, apple app store, blockchain-based games, cash rewards, decision, delist games, Game Content Rating Board, Game Management Committee, GMC, google, Google Play Store, government, GRCB, Independent Rating Classification Business Entity, loophole, P2E games breach, regulatory authorities, South Korea, Supreme Court, Supreme Court decision
See All
New Social Investing App: Dyor is Simplifying Web3 Investing

New Social Investing App: Dyor is Simplifying Web3 Investing

Dyor is pioneering the development of a decentralized investment application that holds the potential to redefine the Web3 landscape and the DeFi sector, as well as reshape the management of financial resources. While DeFi and Web3 offer promising investment prospects through decentralized, peer-to-peer transactions, they also present challenges for those less familiar with the technology.In contrast to traditional financial systems, which are centralized and provide customer support, DeFi relie...

Read more
It is the Time for Web3 Gaming to Notch It Up

It is the Time for Web3 Gaming to Notch It Up

Web3 gaming is an innovative fusion of blockchain technology and gaming, poised to have a significant impact on the industry. It combines the utility of blockchain within video games, creating a new category called Web3 games. Enthusiasts believe it holds immense potential and could emerge as a major player in the gaming landscape.While Web3 gaming has garnered excitement and investment, challenges are evident. Despite its growth, daily unique active wallets remain low compared to the global gam...

Read more
SAGA’s Multiverse Summit Takes Place Aboard a Yacht, Revealing Web3 Tech to Empower Multiverse

SAGA’s Multiverse Summit Takes Place Aboard a Yacht, Revealing Web3 Tech to Empower Multiverse

At the Multiverse Summit hosted by Saga, a leading Web3 infrastructure protocol, Liao from Saga unveiled several groundbreaking innovations aimed at transforming the gaming and entertainment industries. The summit took place aboard a yacht on the Rhine River during Gamescom 2023 in Cologne, Germany, and showcased Saga's commitment to revolutionizing the gaming landscape.Key highlights from the summit included the introduction of the latest version of the Saga protocol called Pegasus. This versio...

Read more
Crypto Gaming: Earning and Investing in Virtual Economies

Crypto Gaming: Earning and Investing in Virtual Economies

The convergence of cryptocurrency and gaming has given rise to a groundbreaking phenomenon called crypto gaming, where players can earn cryptocurrency while playing games. This article explores the world of crypto gaming, focusing on legitimate opportunities, popular games, methods of earning, and the potential for investment.Legitimate opportunities in crypto gaming provide players with immersive experiences where they can own in-game assets and trade them in open marketplaces, thereby enhancin...

Read more
PlayToEarnGames.com Newsletter 11: NFTs, RPGs & More!

PlayToEarnGames.com Newsletter 11: NFTs, RPGs & More!

This week in the Web3 game industry, significant developments took place as two top game releases, NFL Rivals and Champions Arena, transitioned from beta versions to full live releases on iOS and Android app stores. NFL Rivals, which already boasts a substantial fan base, achieved over 2 million downloads. Additionally, other games like Eternal Dragons, Everseed, and Rogue Nation introduced new updates. Alpha versions of Boss Fighters and Citizen Conflict were also unveiled, offering players pas...

Read more
Play-to-Earn (P2E) Games: Where Gaming and Crypto Converge

Play-to-Earn (P2E) Games: Where Gaming and Crypto Converge

Play-to-Earn (P2E) games are a revolutionary concept within the gaming world that leverage blockchain technology to combine gaming with cryptocurrency. These games offer players the opportunity to not only enjoy immersive gameplay but also earn real value through digital assets. Unlike traditional games, where rewards are confined to the virtual realm, P2E games allow players to translate their in-game achievements into tangible rewards like cryptocurrencies and non-fungible tokens (NFTs), which...

Read more
PlayToEarnGames.com

Welcome to PlayToEarnGames.com, your daily source for the latest NFTs and Cryptocurrency News. Whether it's PlayToEarn, cryptocurrencies, wallets, blockchain technology, trends & analysis, beta releases, or other game industry insights, our team of dedicated writers is here to keep you informed. But that's not all; we know that gaming is at the heart of it all.
In our P2E games section, we provide you with the best game reviews across a variety of top genres, including Play To Earn, Web3, Crypto, NFT, Metaverse, Blockchain, and much more. Our comprehensive game reviews cover everything you need to know, from gameplay instructions and videos to in-game footage and images. We also provide links to social media platforms like Twitter, Discord, and Reddit, whitepapers for deeper insights, and, of course, where you can play the game.
So, take a moment to explore our Play-To-Earn game website, and we sincerely hope you enjoy your visit. Stay tuned for the latest updates from the gaming industry and its up-to-date insights to game developers and their game details. So check our section Video Games, Gaming News, Game Developer, Game Trailers/Game Videos, and our Event Calendar with all the mints, drops and more.