B
Banhammer
Guest
http://www.informationweek.com/news/internet/ebusiness/showArticle.jhtml?articleID=218101859In addition to its ongoing crackdown on Internet porn, the Chinese government has declared that virtual currency cannot be traded for real goods or services.
Virtual currency, as defined by Chinese authorities, includes "prepaid cards of cyber-games," according to a joint release issued by China's Ministry of Culture and Ministry of Commerce on Friday.
"The virtual currency, which is converted into real money at a certain exchange rate, will only be allowed to trade in virtual goods and services provided by its issuer, not real goods and services," the Ministries said.
Well, this is going to make things rather interesting.
(The official announcement from the Chinese government is over here, apparently.)