FSA is going to regulate the turnover of the game currency Pokemon Go
According to the Financial Times publication, the Japanese Financial Services Agency (FSA) is going to regulate the turnover of the in-game currency PokeCoins in the Pokemon Go game for mobile devices.
The PokeCoins currency is used to grow rare Pokémons. At the moment, the FSA and Niantic, the company that has developed the game (located in the US), are currently discussing the acceptable conditions for the regulation of the turnover of PokeCoins. Financial Times points out that in the final result this may lead to the fact that the Japanese government will oblige all companies-developersб available in the country, to provide in-game currencies with the real Japanese currency.
Today, FSA is speaking only about PokeCoins, but in the future it can take control of such game currencies as magic stones from the Puzzle & Dragons game or green crystals from the game Clash of Clans.
According to SuperData Research, the annual volume of the Japanese mobile games market has increased three times since 2012 and it will amount to $ 8.6 billion for the whole year. According to experts, this growth was provided by the sales of game currencies.
Pokemon Go is a popular game for mobile gadgets with the elements of the augmented reality. The main goal of a player is to find Pokemons (Pocket Monster) in the real world and train it. Having grown Pokémon, the players then arrange battles with Pokemons of other players. Pokemons are Japanese heroes of computer games, cartoons and comics.