South Korea orders removal of mobile crypto games from mobile

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The South Korean government is taking a firm stand on mobile games involving cryptocurrencies up for grabs with an order from Apple and Google. The latest trend in the mobile realm that is slowly becoming extremely lucrative (at least for the companies that publish them) are mobile titles that allow players to earn blockchain and cryptocurrency, as well as cashable NFT content, because people are heading to these games. to see if they can score big in the markets when everything is booming and popular. However, the South Korean country is already taking a stand against the content. According to local website Naver, the country’s gaming regulator has sent an order to Google’s Play Store and Apple’s App Store to immediately remove blockchain-based winning games from their platforms.

Flag of South Korea, image by Railway fx / Shutterstock.com.

To be clear on the situation, the government is not seeking to block or inhibit blockchain, NFTs, or cryptocurrency in their country. They actually have one of the biggest markets in the world for all of them and opposing it at this point would likely end up being an uphill battle. The problem leans more into the fact that these types of games allow players to take their winnings and redeem them for fiat. This is prohibited under South Korean gambling laws, as they have a strict cap on the maximum amount an individual can win.

According to the report, it was not only Google and Apple that the government spoke with, it was also the small app distributors who received the same order. We’ll see who complies and who doesn’t, but just like the loot boxes before them, this could be a signal for other countries to tackle this if they consider it violating the EU as well. one of their laws.

Posted in: Games, Mobile games | Tagged: blockchain, Crypto, cryptocurrency, Mobile, nft, South Korea

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