The shortsightedness of the South Korean authorities may backfire on them

Authorities in South Korea have issued statements to Apple and Google regarding the removal of pay-to-earn games from their stores. According to management, play-and-earn toys violate local laws. The crux of the problem is that it is illegal by law to win more than $ 8.42. These are the prohibitions.

 

South Korea may lose more - this is practice

 

You can understand the country's leadership. Forbidden means that it must be removed. Only these games attract players by the fact that they can earn more than they invest. This kind of financial instrument helps people make real money. Naturally, they ignore taxes. And the South Korean government monitors all apps, introducing bans. Now, now, I'm tired of catching hundreds of games - they decided to ban them at the store level for the South Korean region.

But, the South Korean authorities are very short-sighted guys. Trying to shield their citizens from cryptocurrency income, they can hurt their country's economy. After all, there are wonderful brands Samsung and LG, whose products are in high demand abroad. And it's a great tool for Apple and Google to punish South Korea.

 

If the authorities of the Asian country do not calm down, and I decide to sue the giants of the industry, then the situation may turn not in their favor. One has only, at least one company, to launch negative news about the brands Samsung and LG, then the shares of the companies will immediately lose in value. Along the way, buyers from all countries will give preference to other brands. After all, Google (or Apple) is a legend. And Korean brands are about nothing.

South Korea may receive a severe slap in the face in the form of a fall in the economy in its country. And she is approaching this by leaps and bounds. It may be easier to allow pay-to-earn games and come up with a system for tracking cryptocurrency earnings. Time will tell. War with China has already shown the Americans what bans on the import of goods are and what it leads to. Next in line is South Korea.