<p>The Korea Association of Game Industry (K-GAMES) — the body responsible for overseeing and nurturing the country’s successful gaming industry — released its <a href="https://www.newspim.com/news/view/20240102000098" rel="noopener noreferrer nofollow">2023 Global Game Policy and Legislation Study</a> on Tuesday (KST) in collaboration with the Korea Creative Content Agency (KOCCA).</p><p>The report summarizes gaming-related regulations and laws in six Western European countries — the United Kingdom, Germany, Belgium, the Netherlands, Spain and France — including those on standard terms and conditions, the protection of minors, personal privacy, payment and more.</p><p>“Through cooperation between public and private sectors, we have been able to achieve tasks like collecting information and securing databases on overseas gaming markets by country and continent,” said Kang Shin-chul, President of K-GAMES. “We will continue to contribute to the development of the domestic game industry,” he added.</p><h2 id="header-0">Regulatory landscape</h2><p>The study found that operators in the specified countries are not required to obtain special licenses, appoint local representatives, or set up servers in order to operate a gaming business in their respective countries. It also details country-specific requirements, such as in Germany, where the use of content that glorifies or justifies Nazi-related symbols or actions is prohibited.</p><h2 id="header-1">A closer look at Belgium’s stance</h2><p>Interestingly, the report revealed that the regulation of randomly distributed in-game items varied by country. The UK, Germany, Spain, the Netherlands and France have no legal restrictions on such items, but the UK and the Netherlands have recommended that information on the odds of winning them in games of chance should be disclosed before a player obtains or opens an item.</p><p>Meanwhile, Belgium has implemented a regulation that prohibits paid games of chance for stochastic items altogether due to its laws regarding gambling. However, there are no regulations on Play-to-Earn (P2E) games unless they constitute gambling, which is also true of the other five countries. Minting game items into NFTs is also not subject to oversight in all six nations unless they are considered financial instruments.</p><p>There are also no standard terms and conditions set by Belgium’s national government for gaming services, which are instead governed by the European Union’s (EU) General Data Protection Regulation (GDPR).</p>

K-GAMES and KOCCA release report on overseas gaming regulations

Obsah

CoinNess Global

Ďalšie články zverejnené 2. 1. 2024

10 Crypto Predictions For 2024 Investors Need To Know: Analyst

Grayscale submits 3rd amended GBTC conversion filing

VanEck’s director drums the importance of Bitcoin ETFs in the future

Ethereum (ETH) Price Targets Emerge Amidst Market Optimism

Machine learning algorithm sets Solana price for January 31, 2024

Bitcoin Rallies Past $45,000 Level As Spot BTC ETF Deadline Nears

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!