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."

Comments

Re:cults?

[icebraining]

You do know that China is now extremely capitalist, right? Since Mao's demise and Xiaoping's rise to power, the shift towards capitalist economic tendencies was abrupt. This is the guy who said "We mustn't fear to adopt the advanced management methods applied in capitalist countries". China is the country that is planning on reforming the VAT and cutting billions from (privately owned) corporate taxes.

Capitalism != democracy.