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China Restricts Minors From Using Virtual Currency
eldavojohn writes "For those under eighteen who play video games in China, life just got a little harder. Not only is gold farming illegal, but starting August 1, virtual currency platform makers are expected to put in safeties that prohibit underage players from using virtual currencies — because doing such a thing might promote 'unwholesome' behavior. The new regulations explicitly 'forbid content advocating pornography, cults, superstitions, gambling, and violence in all online games.' The business papers are picking it up as a number of stocks from companies like Tencent Holdings — which is heavily based in virtual currency in China — fell about 5%, though the company said that the ban on minors will not affect it."
If they can't tax it then ban it!
After it challenged the Yuan, they did implement a tax. Although, who knows, if the tax collector comes knocking maybe he won't find anything wrong if the right amount of paper is left in his hand after you shake it?
My work here is dung.
You can trade WoW golds to real $.
From Wikipedia: The word cult pejoratively refers to a group whose beliefs or practices are reasonably considered strange. The word originally denoted a system of ritual practices. The narrower, derogatory sense of the word is a product of the 20th century, especially since the 1980s, and is considered subjective, and is a result of the anti-cult movement, which uses the word in reference to groups seen as authoritarian, exploitative and possibly dangerous.
I want peace on earth and goodwill toward man.
We are the United States Government! We don't do that sort of thing.