Chinese Gov't Tries To Officially Ban Gold Farming

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Chinese Gov't Tries To Officially Ban Gold Farming
Topic Started: Jul 8 2009, 02:43 PM (188 Views)
Wintermute	Jul 8 2009, 02:43 PM Post #1
Administrator Posts: 353 Group: Admins Member #1 Joined: Apr 4, 2009	http://kotaku.com/5303878/chinese-govt-tries-to-officially-ban-gold-farming Friday, the Chinese government attempted to address the reported $500 million gold farming industry, said to employ some 400,000 workers, in the form of a ruling on the exchange of "virtual currency" for real world cash. Officially, China's Ministry of Culture and the Ministry of Commerce said that in-game monies "will only be allowed to trade in virtual goods and services provided by its issuer, not real goods and services." That could potentially put a damper on the burgeoning industry of accumulating in-game assets in World of Warcraft, then selling them for yuan, dollars and pounds to people with too much money on their hands. The Chinese government also defined that "virtual currency" include "prepaid cards of cyber-games," which may be able to be cashed in for digital funny money. According to a release from the two bodies, "using virtual money for gambling will be punished by public security authorities, and minors may not buy virtual money." The Chinese government hopes to curb gambling and illicit trade, as well as money laundering via virtual money.



Lucretius	Jul 8 2009, 03:56 PM Post #2
Posts: 173 Group: Members Member #4 Joined: Apr 13, 2009	Money laundering via WoW Gold, now thats using your head! I wouldn't have thought of that.
Posts: 173 Group: Members Member #4 Joined: Apr 13, 2009


NakieoN	Jul 8 2009, 05:31 PM Post #3
Posts: 117 Group: Members Member #10 Joined: Apr 15, 2009	Old News = China ban on gold farming New News = Google Chrome OS (new step in world domination for Google)



Sephs	Jul 8 2009, 09:46 PM Post #4
Posts: 506 Group: Members Member #6 Joined: Apr 14, 2009	old news - ur deaf new news - u love nigger dick
Posts: 506 Group: Members Member #6 Joined: Apr 14, 2009	"The strongest must rule if we are to survive" - Darth Malak


Voyevoda	Jul 8 2009, 11:16 PM Post #5
RIP to the king of pop Posts: 401 Group: Members Member #8 Joined: Apr 14, 2009	I say fuck china.



Sephs	Jul 9 2009, 09:44 PM Post #6
Posts: 506 Group: Members Member #6 Joined: Apr 14, 2009	why tho i love gooks
Posts: 506 Group: Members Member #6 Joined: Apr 14, 2009	"The strongest must rule if we are to survive" - Darth Malak


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