Quick Take: Chinese Ministry of Commerce and the Ministry of Culture, issued curtail guidelines, for usage of “virtual currency” used in Online gaming to buy real goods. This would impact currency like QQ coins gvien by tencent and other sites like shanda. This is control the racketering of money and other illegal activities, this will impact the booming online gaming market of china in a big way.
New York Times: China Limits Use of ‘Virtual’ Currency; WSJ: China Cracks Down on Virtual Currency, For Real; CNET: China bans online ‘gold farming’
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