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China bans gold farming

$1 billion industry down the pan?
The Chinese government has banned MMO 'gold farming', declaring that virtual currency can no longer be traded for real goods or services in the country.

In case you're not familiar with the term, 'gold farming' is when an MMO player rakes in copious amounts of in-game money for the purpose of selling it on to other players for real life cash - thus breaking the game's terms of service.

It's become quite a problem in China; according to research by the University of Manchester between 80% and 85% of gold farmers are based in China, generating between $200 million and $1 billion annually.

"[M]any online games have a virtual economy and an in-game currency," the survey reads. "Gold farmers can play in-game to make some currency. They then sell that for real money -- typically via a Web site and using the PayPal payment system -- to other players of the game."

China's Ministry of Culture said in its new rules: "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."

China's Ministry of Culture defines 'virtual currency' as "prepaid cards of cyber-games," though a report in China Daily claims that 'in-game gear' is excluded.

Will this actually stop gold farming or just increase the prices?

Via Information Week.

computerandvideogames.com
// Interactive
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Posted by battles_atlas
Why's China done this? Its not like the Chinese state to let to rather incidental ethics get in the way of hundreds of millions of dollars. Are Blizzard more powerful than than China now? Maybe they threatened to cancel Wen Jiabao's WoW subscription.
Posted by battles_atlas
*double post*
Posted by microhenry
I never bought my gold, was too scared of being screwed over by the Chinese :shock:
Posted by steeley
finally no more damn gold adds clogging up trade chat :) woot
Posted by timewarp1
They should try clamping down on bootleg fake goods aswell
Posted by ted1138
Shame that, why ban it? Who does it harm? :?
Posted by djjimmy
Well for one it makes the efforts of the serious players worth less. I mean I've never bought gold, I've worked for every single piece of gold, silver and copper that it took to buy my mounts and get my gear on WoW, but with gold selling you get these noobs running around with a load of great stuff just because they have the real life cash to buy gold and the laziness to not bother working for it ingame.
Posted by The_KFD_Case
Taxing the actual personal income from gold mining in MMOs might make it more palatable for the Chinese government (and others). Not that I exactly relish the thought of ever more taxes being created.
Read all 8 commentsPost a Comment
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