Google Play Store To Allow Non-Gambling NFT Games

Video game publishers can now offer nonfungible token (NFT) titles on the Google Play store, according to a blog post by the store's group product manager, Joseph Mills, on July 12. Mills writes that Google Play is "pleased to share that we're updating our policy to open new ways to transact blockchain-based digital content within apps and games on Google Play.” 

The video game Bitcoin Blast was removed from Google Play in 2020 for "deceptive practices" after the company barred cryptocurrency mining apps from its store in 2018. NFTs acquired outside of the App Store cannot provide customers with any exclusive advantages in a game, according to a statement in October. 

Many industry professionals were led to assume that mobile NFT games were being attacked as a result of these acts and remarks. These games are acceptable on Android devices, though, according to the new Google Play policy, as long as they adhere to a few guidelines.

US Senators Reintroduce Crypto Bill 

The Responsible Financial Innovation Act will establish guardrails “to prevent another FTX-style event from occurring” in the wake of the 2022 market crash and bankruptcies. US Senators Cynthia Lummis and Kirsten Gillibrand will reintroduce the bill in the Senate on July 12.

After being put on hold for about a year, the Responsible Financial Innovation Act will be reintroduced to define the roles of the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission in regulating digital assets and protecting consumers.

Source: Outlook

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