Blockchain Game Shrapnel Restricts Cash-Outs for US Players to Avoid Regulatory Issues
Summary:
Shrapnel, a blockchain game, will limit cash-outs for players in the United States to avoid regulatory issues. In December, the AAA first-person extraction shooter will launch in early access, allowing unrestricted gameplay for users in Europe and Asia. However, players from the US will not be able to cash out their earnings, as it would be considered a security. The creators hope to find a solution to enable US players to withdraw their earnings in the future.
The creators of the highly anticipated AAA first-person extraction shooter, Shrapnel, have made the decision to exclude United States-based players from certain game features in order to avoid potential legal issues with the country's securities regulator. While players from Europe and Asia will have unrestricted access to all aspects of the game, U.S. gamers will not be able to cash out any of their in-game earnings. According to Shrapnel's Head of Economy, Francis Brankin, this limitation is in place because allowing U.S. players to realize monetary value from the game would classify it as a security, which is against regulations. Brankin hopes that this restriction will only be temporary and that a solution will be found to enable U.S. players to withdraw their earnings to their bank accounts in the future.
Published At
9/14/2023 1:50:55 AM
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