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Virtual Currency Becomes Real In South Korea

Posted by Soulskill on from the license-to-print-money dept.

garylian writes "Massively is reporting that the South Korean Supreme Court has stated that virtual currency is the equivalent of real-world money. For those of you who might not be drawing the link, the core there is that selling in-game currency for real money is essentially just an exchange of currency and perfectly legal in South Korea. This could have sweeping implications for RMT operations the world over, not to mention free-to-play games and... well, online games in general. The official story is available online from JoongAng Daily."

2 of 203 comments (clear)

  1. RMTs? by Anonymous Coward · · Score: -1, Offtopic

    This could have sweeping implications for RMT operations the world over,

    I don't see how this would have an effect on Registered Massage Therapists. Although it may have an effect for Unregistered Massage Therapists, especially since its Korea doing it.

  2. Re:From someone who lived there, snake oil? by Anonymous Coward · · Score: -1, Offtopic

    Wow, you managed to cram so much racism in your post that practically every sentence has it. Good job. Why the hell is this modded Interesting, though?