a law aiming to force Apple and Google to allow developers to advertise their own payment methods within apps.
This is a good implication for Epic’s battle with Apple, but it comes at a time when the U.K. has increased scrutiny of a live-service revenue source known as “loot boxes,” which are bundles of randomized digital items available for purchase via in-game or actual currency within games like “Fortnite.”filed in the U.K.
Such in-game spending has already become a reliable revenue source for top publishers. Should the U.K. gain the ability to regulate this, other nations could seek to do so as well. A California judge even, criticizing Epic’s ideal payment system as one seeking to uphold “impulse purchases” for gamers.
If China sees success in curbing gaming among children as it also seeks to reduce its own tech monopolies, don’t be surprised if such regulatory concern for minors makes its way across the Pacific.
China Dictator !! 🤔🤔🤔🤔😱
Wonder if China is on the path to a potential complete ban on video games for minors (5-10 years down the road) - the current limits on the amount of time they can play games are pretty tight
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese gaming and 'metaverse' shares battered by regulatory squeezeChinese gaming and 'metaverse'-related shares skidded on Thursday, dragged down by an ongoing regulatory squeeze that has engulfed industries ranging from online platforms and entertainment to for-profit tutoring and real estate.
Source: Reuters - 🏆 2. / 97 Read more »
Hong Kong police raid museum commemorating 1989 Tiananmen victimsHong Kong police on Thursday raided the premises of the closed June 4th Museum, dedicated to the victims of China's 1989 crackdown on pro-democracy protesters in and around Beijing's Tiananmen Square.
Source: Reuters - 🏆 2. / 97 Read more »
Chinese gaming and 'metaverse' shares battered by regulatory squeezeChinese gaming and 'metaverse'-related shares skidded on Thursday, dragged down by an ongoing regulatory squeeze that has engulfed industries ranging from online platforms and entertainment to for-profit tutoring and real estate.
Source: Reuters - 🏆 2. / 97 Read more »
Asia-Pacific stocks set for mixed start as investors monitor Chinese tech stocksRegulatory concerns surrounding sectors such as video games and private education could continue weighing on Chinese stocks in Hong Kong on Friday. I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Ronelmoses4 on Twitter he guides me through and i made a return of $10500 after a week of trading, connect with him
Source: CNBC - 🏆 12. / 72 Read more »
China suspends approval for new online games - SCMPChina has temporarily suspended approval for all new online games in a bid to curb a gaming addiction among young people, the South China Morning Post reported on Thursday citing people with knowledge of the matter.
Source: Reuters - 🏆 2. / 97 Read more »
Op-ed: A key choice awaits China — money or principlesBeijing faces economic obstacles as it flexes its regulatory muscles.
Source: CNBC - 🏆 12. / 72 Read more »