A closer look at China's legislation on the trade of virtual money reveals that 'gold farming' as we know it will, in fact, not be affected.
Contrary to earlier reports, the new rules state that virtual money may not be used to buy real goods, which is the opposite of a ban on gold selling. The restriction applies to the use of virtual currencies such as QQ coins, banning them from being used to purchase real items instead of virtual items as intended. Gambling with virtual currency has also been banned, as explained by Professor Richard Heeks:
“This therefore is not about what gold farming clients do: use real money to buy these virtual currencies; it’s the mirror image. And it’s not about the major trade in gold farming such as World of Warcraft, which relates to other types of virtual currency. And it’s not about buying/selling in-game items. And it’s not about the power-levelling of avatars.” He summarises, “Bottom line: it’s not about gold farming.”
That is what I was thinking. It is a trade. The real life money is being "bought" by in game currency, just as in game currency is being bought by real life money.
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O.o
A closer look at China's legislation on the trade of virtual money reveals that 'gold farming' as we know it will, in fact, not be affected.
Contrary to earlier reports, the new rules state that virtual money may not be used to buy real goods, which is the opposite of a ban on gold selling. The restriction applies to the use of virtual currencies such as QQ coins, banning them from being used to purchase real items instead of virtual items as intended. Gambling with virtual currency has also been banned, as explained by Professor Richard Heeks:
“This therefore is not about what gold farming clients do: use real money to buy these virtual currencies; it’s the mirror image. And it’s not about the major trade in gold farming such as World of Warcraft, which relates to other types of virtual currency. And it’s not about buying/selling in-game items. And it’s not about the power-levelling of avatars.” He summarises, “Bottom line: it’s not about gold farming.”
Source: The pit of evil!
The restriction applies to the use of virtual currencies such as QQ coins, banning them from being used to purchase real items
At some stage the virtual currency, such as in-game gold, will be exchanged for real items (money). Does that not sound as if it will apply?
That is what I was thinking. It is a trade. The real life money is being "bought" by in game currency, just as in game currency is being bought by real life money.
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