The French National Assembly has approved the "Sorare law," a milestone in the regulation of video games utilizing NFTs and crypto-based monetization methods. Within the broader Digital Space Regulation Law, 437 members voted in favor of the law, while 77 opposed it. This law, known as the "Jonum regime," specifically addresses games with monetizable digital objects, creating a new regulatory framework for crypto games. The law aims to balance innovation among French startups and user protection.
This legal definition of Jonum represents a critical step toward differentiating crypto games from traditional video games and gambling. The law must now undergo examination by the Constitutional Council, which has the authority to accept or reject it. Critics argue that the law favors crypto games over online casinos, potentially encouraging gambling platforms to enter the play-to-earn and Web3 sector.
The Jonum regime is seen as a positive development for the local crypto-gaming industry. Previously, crypto games faced classification as a form of gambling due to similarities in certain criteria. However, the Autorité Nationale des Jeux (ANJ), the French National Gambling authority, will now oversee compliance, introducing age verification for users and identity verification for in-game earnings withdrawals. Additionally, the law imposes restrictions on the use of influencers for promotional activities in online platforms that cannot exclude minors. Social media promotional efforts, like those on YouTube, appear largely unaffected.
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