The Chinese government has shared updated changes to online gaming regulations that include digital currency rules.
China on December 22 online game released a new update regulating the use of cryptocurrencies in the industry. In the detailed report presented, it was emphasized that those who want to issue digital money for online games must do so registered and with the knowledge of the state.
With this “game tokensTrading services for assets offered as ” Chinese Yuan (RMB)-based digital central bank currency (CBDC) wallets It was stated that it would be necessary to use it and that it was important that it did not provide anonymous services.
On the other hand, it was underlined that users should not be offered online game money exchange services for fiat money.
The step in question includes the management of online games. strengthen, regulating the online gaming industry, legitimate rights of users and was taken to protect their interests.
Apart from this, the same business has both online issuing game money It was also emphasized that it cannot carry out online game money trading services.
In order to strengthen the standardized management of the industry and promote high-quality and sustainable development, we have prepared the draft Measures for the Management of Online Games (Draft for Public Comment). It will trade game currency online with real-name digital RMB wallets and will not provide anonymous digital RMB wallet trading services to users.
These rules presented are games that offer the “play to earn” option. Axie Infinity (AXS) It is of vital value for style games and offers a new road map for these projects to continue their presence in China.