Metaverse Compliance Report (5) Gamefi Risk Review

With the rise of the concept of the Metaverse, Gamefi (chain games), which combines games and Defi to provide a window into the world of the Metaverse, has become a thing of the past. Due to Defi's financial resources, Gamefi has no history in my country, but it is not difficult for Chinese people to join or start Gamefi overseas and use it to get virtual benefits . , NFT and other assets. Behavioral virtual objects in the metaverse world.

To this end, the Sister Sa team will review the legal risks associated with Gamefi gaming in general in accordance with Chinese laws and regulations applicable to readers.

How to win Gamefi

1. General sports

In competitive games, traders usually set up a virtual currency based on the player's affiliation. Players can earn money by playing while winning depending on the game mechanics. Income usually comes in the form of virtual currencies or NFTs provided by traders. Players can withdraw virtual money or NFT from public wallets and sell them on the stock exchange.

2. Hire experts

Just as there is a "gold team" in the traditional online game, GamePie, who can benefit from the tools, like many game guilds to become "the gold team", hire special staff to become players. GamePie players and create guild-to-guild organizations. . asset income.

3. Auto-run script parameters

Autoplay scripts in Gamefi are more common due to poor gameplay. Some users choose to buy multiple computer glasses and install autorun scripts to get more stability and more Gamefi game rewards.

Legal risks for Gamefi Sales

Since Gamefi was the first financial situation app, popular terms like "play games to make money" were needed with the independence of virtual money or NFTs. The Sister Sa team believes that:If the Chinese become Gamefi Traders, there is a high risk of illicit money, if it complies with the provisions of the laws and regulations of the country in which the company is located. However, those who have obtained a legal business license are excluded.

In addition, in addition to meeting the requirements of the domestic business environment to avoid violations of Chinese law, the Chinese have become Gamefi merchants also prohibiting the use of users in China, thereby preventing the use of the law. because of the principles of protection and order.

Illegal harassment of Gamefi Games

There is no obvious need for a Gamefi player to acquire digital tools. However, after receipt of the virtual currency and NFT published by Gamefi, the activity of a player exchanging fiat currency on the stock exchange is as follows:Assistance to criminals suspected of money laundering, concealment and concealment of offensesThis is also the reason why the money of friends in the currency area is usually frozen.

According to micro-knowledge, there is no difference between hiring players to acquire digital equipment and leadership of traditional sports organizations, and there is no greater risk that players receive assets. digital.

I think the risk of illegal automatic script installation depends on the performance of the in-game plugin.Although there is a risk of compromising the security of other people's computer information

A person who creates a plug-in and acts as a threat to the information security of another person's computer system can be prosecuted for unlawful access, control of computer system data and tools and tools, and hacking provides 6 criminal offenses for hacking computer files. programs and tools and disrupting the administration of illegal computer data, as discussed in Asking others to develop this plugin, could act as a counterweight to any criminal offenses that have been mentioned and will be prosecuted.

The behavior of the proceeds from the sale of Gamefi to the household

Many actions taken by people are low risk, but as they become commercial their legal structure changes. According to the Sister Sa team, because Gamefi does not have automatic scripts, private processes and the like, some researchers will buy more computer hardware with automatic scripts or personnel. Of these products are sold to the inhabitants of our country.

This business model is similar to the virtual currency mining industry, both are using electronic resources to make virtual profits using a single virtual currency design. Therefore, from a policy point of view, if this practice occurs in our country, the policy will comply with the "Virtual Financial Recovery Notice" Mining Activities ".Sanctions are imposed for such behavior.

Estimate the turnover of sales of Gamefi computer products

Can this be financially illegal?

Sell ​​computers that can run Gamefi games for the purpose of receiving Gamefi heritage giftsillegal fundraisingat risk.

Among the four characteristics of the illegality of lending to the public, due to the presence of advertising and the definition of corporate profits, "illegal borrowing from the public or receiving public funds in a disguised form", advertising, public relations, relations, etc. Content No enticing content is included.

Regarding the understanding of illegality, we believe that the illegality of payments is affected by violating the current rules of financial regulation in China. answer, and that there are no laws prohibiting the use of Gamefi computer products. In our country of rule of law, such a policy does not, in principle, fall under criminal finance.The real result remains.

Interpretation of the Supreme Court on a variety of issues related to the special demand of law in criminal proceedings, even if the behavior is treated as a broken definition, the mold of the behavior must not be broken.

In gamefi-type mining or mining scenarios, the user's objective is to purchase that machine or service along with a computing device and use it with actual sales conditions, and no further explanation. is therefore required.

finally write

Current stage of the tour chainNot enough gameplay and moneyThere is also a greater legal risk in China., friends involved should be careful. The success of Chain Games is separated by the exchange of ideas on the Metaverse, commerce is an important part of the world of the Metaverse, but the Metaverse shouldn't be a tool to promote virtual devices. We are offering new and practical services. take you forward. life ..