China’s press and publishing regulator has vowed to “seriously examine” draft restrictions on online gaming, which has sent shares of China’s biggest gaming companies plummeting. This was reported by Agency Reuters.
According to a statement from the ministry, the proposed measures are designed to “support the healthy development of the sector”. It will be developed taking into account public opinions.
The agency’s response comes a day after it published draft rules that would limit gaming companies’ ability to make money from online games. According to the innovations, developers will be prohibited from rewarding players who log in to the game daily or make in-game purchases. These mechanisms are widely used to stimulate player activity.
The bill also requires games to limit the amount players can fund their digital wallets for in-game spending.
The Chinese government expects public comment on the new rules by January 22, 2024.
happened before knownHe said new restrictions on online gaming in China had sent shares of the biggest gaming companies both in China and abroad lower.