The release of play-to-earn (P2E) games has been targeted to blockade by the South Korean government. The government has demanded Apple and Google to dismiss the release and delete the related apps from their respective app stores until further inspection.
It is also reported that the government has also scrutinized the development of blockchain-based games.
A letter was sent by the Game Management Committee under the Ministry of Culture, Sports and Tourism of South Korea, indicating that operators lay off the distribution of these certain games. They aim to block the apps from registering in the first place, hence appealing to the two tech giants.
These games can still be released going under the careful investigation of the Game Management Committee first. The committee will check on particular details such as age ratings. Therefore, this is not a permanent ban.
As of today, 15 blockchain-based games have been cancelled by the Korean government.
Play-to-Earn (P2E) games have gathered government attention as to the reports of players claiming to have been earning a good sum of money from playing. These types of online games have become vastly popular at the start of this year, especially in Asia.
The South Korean government has been one of the most particular in crypto regulations. Speculatively, this recent take on the matter to block play-to-earn (P2E) games is only one of many more actions to inflict control over the crypto industry by the authorities.
South Korean government actions include prohibiting privacy coins, requesting exchanges to secure official certificates, and a taxation scheme.
It is clear that governments have not backed down on carrying out firm penal regulations if and when in vital need.
Crypto enthusiasts have anticipated controversy on the dismissal of play-to-earn (P2E) games. People from around the globe have been completely hooked on these games as the money is a great motivational price. But the government will not likely yield its decision.