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After shutting down several popular emulators, Nintendo admits emulation is legal
(www.androidauthority.com)
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Iirc, and take this with a grain of salt, ryujinx actually got paid by Nintendo to stop development.
That's a rumor. All we know is that they talked with the dev behind closed doors and he deleted everything related to Ryujinx afterwards. Sure, they could have paid him but it's just as likely that they just threatened him. Let's not forget how Nintendo made its money.