Wemade CEO expects South Korea to lift ban on P2E next year

08/09 09:50

According to Forkast, South Korea’s new administration under President Yoon Suk-yeol will likely abolish its ban on blockchain and play-to-earn gaming in 2023, Henry Chang, CEO of South Korea-based video game developer Wemade, said in an interview on Tuesday at Korea Blockchain Week 2022. “The new government came a hundred days ago and the current government considers (modifying) the law to allow the blockchain games in Korea,” the Wemade CEO told reporters. South Korea’s Game Rating and Administration Committee does not allow any blockchain-based games to be released domestically, citing concerns over the games encouraging speculation.
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