Gold Farmers from Anthony Gilmore's documentary, Play Money.
The Chinese government's Ministry of Culture and Ministry of Commerce has announced that, "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."
Information Week says that "The ruling is likely to affect many of the more than 300 million Internet users in China, as well as those in other countries involved in virtual currency trading. In the context of online role playing games like World of Warcraft, virtual currency trading is often called gold farming.
"The ruling is likely to affect many of the more than 300 million Internet users in China, as well as those in other countries involved in virtual currency trading."
The China Daily reports that "The government also spells out the definition of the virtual currency for the first time, which includes prepaid cards of the virtual game, but excludes any outfit such as costume and weapon in the game..."
How does this effect gold farming? Simple, the Chinese government has effectively stated that you can't swap in-game currency for real currency... or vice versa.
Information Week says that "The ruling is likely to affect many of the more than 300 million Internet users in China, as well as those in other countries involved in virtual currency trading. In the context of online role playing games like World of Warcraft, virtual currency trading is often called gold farming.
"The ruling is likely to affect many of the more than 300 million Internet users in China, as well as those in other countries involved in virtual currency trading."
The China Daily reports that "The government also spells out the definition of the virtual currency for the first time, which includes prepaid cards of the virtual game, but excludes any outfit such as costume and weapon in the game..."
How does this effect gold farming? Simple, the Chinese government has effectively stated that you can't swap in-game currency for real currency... or vice versa.
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Comments
anonymos 30 Jun 2009 15:32
1/7
relax mother china , it'll be ok
D-Mill 1 Jul 2009 02:15
2/7
It does pay a bit more to research on any given topic and look at what I came across:
http://www.ecommerce-journal.com/news/16514_virtual_currency_restricted_in_china
This move by China is more to get a hold of their QQ coin-trade problem rather to outlaw and ban gold farming with the use of wow accounts or any other game account for that matter. As for the problem of gold farming in wow, I think this wouldn't have an affect as big as what people are thinking it to be. MMORPG RMT would always be there. If it does somehow get of these Chinese gold farmers, I think the farms would just move to some other country - probably India or Taiwan or the Philippines.
http://www.ecommerce-journal.com/news/16514_virtual_currency_restricted_in_china
This move by China is more to get a hold of their QQ coin-trade problem rather to outlaw and ban gold farming with the use of wow accounts or any other game account for that matter. As for the problem of gold farming in wow, I think this wouldn't have an affect as big as what people are thinking it to be. MMORPG RMT would always be there. If it does somehow get of these Chinese gold farmers, I think the farms would just move to some other country - probably India or Taiwan or the Philippines.
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jim 1 Jul 2009 02:30
3/7
I do not see this happening… Seeing as how the chinese gold farming operations work, it is nearly impossible for China to pull this off. Sites such as <a href="www.MOGS.com">MOGS</a> are USA based and the games they sell are USA based, granted a majority of the supply there is from players in the USA some comes from China gold farms… if China is going to ban they are going to focus on domestic games to China, however the level of corruption in China at a local level is insane so for the State wide government to do this they have to get through the corrupt local government… All I can say is good luck!
jim 1 Jul 2009 02:31
4/7
I do not see this happening… Seeing as how the chinese gold farming operations work, it is nearly impossible for China to pull this off. Sites such as MOGSare USA based and the games they sell are USA based, granted a majority of the supply there is from players in the USA some comes from China gold farms… if China is going to ban they are going to focus on domestic games to China, however the level of corruption in China at a local level is insane so for the State wide government to do this they have to get through the corrupt local government… All I can say is good luck!
lee 1 Jul 2009 03:32
5/7
that meant you cant buy real thing (ex.gas,car or someother thing in our life)with the virtual currency,it is forbidden. the virtual currency can be only use in game or in virtual world.this is the truth.iam a human
lee 1 Jul 2009 03:37
6/7
spong plz be truth, tell the truth to our plyers. and dont misleading our plyers. iam human,and i play wow game ,i can always buy wow gold from my site,
ellesmith 4 Sep 2011 06:50
7/7
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