The Blockchain Contents Association has established new guidelines addressing issues in the blockchain gaming industry in Japan, including those related to gambling and online casinos.
According to a report by Cointelegraph, BCA created the guidelines to help blockchain gaming developers navigate Japan’s laws regarding the gaming industry such as the Law for Preventing Unjustifiable Extra or Unexpected Benefit and Misleading Representation, the Payment Services Act, and the Financial Instruments and Exchange Act.
The guidelines are also meant to point blockchain gaming developers to actual gambling practices under Japanese law.
For instance, BCA recommended developers to avoid offering non-fungible tokens in exchange for real world money as that would be seen as illegal in Japan.
BCA President Hironao Kunimitsu said that the organization seeks to help users use content with “peace of mind” and foster the healthy development of the blockchain contents industry in Japan.
BCA also believes that creating the guidelines is in preparation for when blockchain gaming becomes mainstream.