Developers posted on blog a message that GTA Online support for older versions of consoles will end in December this year, and starting September 16, you will not be able to buy in-game currency on the PlayStation 3 and Xbox 360.
In a statement, the company also noted that you will not be able to transfer your progress to the latest generation consoles. Your character, statistics and all progress will be deleted, so users of these consoles should worry about this in advance so that the loss of information does not become an unpleasant surprise. Also, Rockstar Games has indicated that the currency you purchased in-game is non-refundable. Importantly, limiting access to online mode will not affect your progress in the base game in any way, so PlayStation 3 and Xbox 360 owners can continue to enjoy Grand Theft Auto V offline. Interestingly, in addition to GTA, restrictions in online versions also apply to other projects - L.A. Noire and Max Payne 3. The story mode of these games will also not be affected - only online services.
Recall that Grand Theft Auto V was launched eight years ago, along with the long-awaited online mode. Support for the online version on older consoles speaks volumes about the huge GTA fanbase that exists on these platforms. However, it is clear that Rockstar may simply not be profitable to maintain the PlayStation 3 and Xbox 360 all the time - especially in light of the next generation of consoles.
You can still play GTA Online on PS4, Xbox One and PC, and online play will be available on PS5 and Xbox Series X/S this fall.