[STEAM] Genshin Impact maker fined $20m over ‘deceptive’ loot boxes and child privacy violation

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Genshin Impact maker Cognosphere will pay a $20 million fine and change how it sells loot boxes in order to settle charges brought against it by the Federal Trade Commission (FTC).

The FTC has alleged that the company, which trades in the US as HoYoverse, is using deceptive tactics to hide the real cost of in-game transactions and players’ odds of obtaining rare prizes, and that it violated a children’s privacy law.

Under the terms of the settlement, which still needs to be approved by a federal judge before it can go into effect, HoYoverse will be required to stop selling loot boxes to players under the age of 16 without parental consent.

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