Japan’s FSA talking with Niantic about potentially regulating PokeCoins in Pokemon GO

According to the Financial Times, Japan’s Financial Services Agency is considering the regulation of Pokemon GO’s PokeCoins. The in-game currency would be under the jurisdiction of the Payment Services Act if this were to happen. Niantic would also need to disclose the balance of unused in-game currency held by users in March and September every year. Assuming the total surpassed more than 10 million yen, the company would need deposit as much as 50 percent of the unused currency balance in yen in a Japanese bank account as security.

The Financial Times mentions that FSA and Niantic are talking about the situation currently. Analysts say the decision could impact other games in Japan involving purchasable in-game currency.

Source, Via