Despite the bullish trends in major cryptocurrencies like Bitcoin, game company-issued tokens (Wemix, BORA, and MVX) are experiencing severe value declines. The main reason is government regulation, with the Game Product Management Committee refusing to approve P2E games due to their speculative nature and a district court ruling to ban P2E games in a related lawsuit. The Ministry of Culture, Sports and Tourism and the National Assembly maintain a cautious stance, stating they will only discuss P2E legalization after virtual asset regulations are stabilized, raising concerns that the domestic gaming industry might fall behind in the global P2E market.


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