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Eu: New European Consumer Protection Guidelines For Virtual Currencies In Video Games

May 16, 2025 by admin Leave a Comment

SROs are mandated to safeguard users from harm, including self-harm and psychological harm, protecting young children through parental settings and age-rating mechanisms specifically. Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Regulations, 2023 introduced rules for online gaming platforms to regulate the area. This new set of rules is a breakthrough in the space and an effort to balance innovation and the protection of users. The new regulations have defined ‘online games’ like a ‘game that’s offered on the net which is accessible by way of a user by way of a computer resource or an intermediary’. It in addition has given online games the status of intermediaries in-line with social media intermediaries, therefore, putting on some obligations on online gaming intermediaries.

Currently, players who take part in unregulated or offshore online gaming sites have little recourse once they experience issues such as fraud or disputes with the site related to deposit or withdrawal of these money. In this draught of ruless, the adoption of clear norms and standards for that operation of online gaming sites, in addition to systems for resolving disputes and addressing player complaints, have already been recommended as it can be https://vn12betting.com solutions. According for the regulations, every online gaming intermediary must be equipped with a Grievance Redressal Mechanism and a Grievance officer to be able to effectively address and resolve the concerns and complaints of their users. In addition, every self-regulatory body is necessary to establish a mechanism for the time-bound resolution of such user complaints who have not been resolved or addressed by the grievance redressal mechanism of its affiliated online gaming intermediary. This method should be capable to address concerns that have definitely not been handled in just a reasonable amount of time. This could give players greater confidence within the fairness and integrity of the online gaming industry, and may lead to significantly raise the amount of competitors participating in these activities.

Online and app-based video games are also encouraged to consider obtaining and displaying Pan European Game Information (PEGI) ratings. PEGI ratings provide consumers with the information they need to make informed choices about what their children play. The ratings also work with parental controls on video game consoles to allow parents to manage their young children’s access to age-appropriate games.

The Video Standards Council Rating Board has set out a series of best practice recommendations for online flash games platforms, which are available on their website. Ratings may be obtained for online games via PEGI itself or via the International Age Ratings Coalition (IARC). IARC offers games companies a streamlined process for obtaining PEGI age ratings for online games by filling in an online questionnaire. According to the guidelines, online games must register with a self-regulatory body, and only games that have been registered and acknowledged by the body will be able to operate lawfully in India. The regulations also stipulate that online gaming intermediaries must do further due diligence and provide user protections. Further in the following paragraphs we will understand the overall impact of these rules on safety of players, government revenue, increase in number of consumers and quality of grievances.

Additional due diligence must be observed by significant interpersonal media intermediaries under Rule 4, with sub-rules inserted that focus on any permissible online real money game.

These rules and regulation are incredibly fulfilling, but there are certain stuff that ought to come to be included in these guidelines furthermore. The rules should more specifically define which kind of games will be contained in the online games and be governed by these rules including the differentiation between games of skill and games of chance. The rules should provide harsh steps that needs to be taken against addictive and financially risky games. They should provide guidelines to safeguard children by imposing appropriate guidelines and protocols for your user to register to have an online game.

Filed Under: Uncategorized Tagged With: consumer, currencies, european, games, guidelines, protection, video, virtual

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