> The Indian government has declared that the Ministry of Electronics and Information Technology (MEITY) will be in charge of all problems concerning online gaming, including currency threats.
> According to MEITY, a self-regulatory structure for the online gaming business should be established, and KYC (Know-Your-Customer) verification must be mandatory for each user to create an account in an online game.
> The proposal of the new law suggests that internet gaming should have a Self Regulatory Organisation (SRO) and gaming enterprises should have a real office location in India with nodal and compliance officers.
The Indian government just recently announced that the Ministry of Electronics and Information Technology (MEITY) will be handling all the matters related to online games. The latest move is to protect gamers from monetary risks that could be associated with skill-based games like Rummy etc., and the government also wants such games to function as per Indian law. The companies also need to reveal the list of safety measures that will be taken to protect the financial investments made by users in games. Also, gaming companies have to inform gamers about the risks of getting addicted. Kids under the age of 18 might not be able to play online games because of certain financial risks and other matters if they don’t have parental consent.