Chinese Limit Use of Virtual Currency
Mordakai
Great, so we can close this thread now before Inde gets reported as a goldfarmer?
Inde
Quote:
Inde - true, turns out it's not true.
http://www.escapistmagazine.com/news...ming-After-All Visit Escapist more often. |
Nanood
Well I would not like to spend time in jail in China. Can you imagine the converstions between prisoners...
P1 "What are you in for"
P2 "Selling gold in a virtual world of fantasy and challenge"
P1 "You're a scourge on society I hope you rot in here for your hienus crimes"
P2 "Yes I truly am a sick perverted deviot and deserve the death penalty"
P1 "Guards.! Here's 100 yen to move me in with Shiro the mass murderer and get me away from this filthy excuse for a human."
If people get convicted of this it would have to be the lamest crime ever.
P1 "What are you in for"
P2 "Selling gold in a virtual world of fantasy and challenge"
P1 "You're a scourge on society I hope you rot in here for your hienus crimes"
P2 "Yes I truly am a sick perverted deviot and deserve the death penalty"
P1 "Guards.! Here's 100 yen to move me in with Shiro the mass murderer and get me away from this filthy excuse for a human."
If people get convicted of this it would have to be the lamest crime ever.
Coney
I really don't think that's an issue. Most that end up in prison face short terms, as they are executed - usually as 'democratic terrorists'. They're not the nation that places 2% of their population in prison indefinitely...
Chthon
Quote:
Inde - true, turns out it's not true.
http://www.escapistmagazine.com/news...ming-After-All Visit Escapist more often. |
1. I've heard tell that this was about maintaining control of the currency so that the central bank's monetary policy couldn't be undermined by people using QQ Coins and the like to bypass whatever inflation/deflation the policy was trying to create. Nothing to do with gold farming.
2. In matters economic and environmental, the policy of the Chinese government can usually be summed up as "F*** the rest of the world and do what's best for China's short-term pecuniary interest." Gold selling brings money to China at the expense of western (and Korean) game companies and non-gold-buying players. They have no incentive to ban it.
3. But... The rationale in the counter-article makes no sense. A person selling in-game gold for real-world cash necessarily involves another person selling a real-world good (cash) for in-game gold - which is forbidden. And, unless all the gold-buyers start keeping yuan on hand, that person is probably a Chinese intermediary (USD <--> yuan <--> gold).
Inde
Good article that covers the fact that no, it's not banning gold farming but could put Free-to-Play MMO's in serious jeopardy in China.
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The regulations also solidify some issue that are of concern to US customers of online games as well: - If the service is shut off, customers are entitled to a refund of unused currency. - "virtual currency should be exchanged only for virtual goods and services provided by the issuer of the currency" (this would cause problems for a lot of the third party currency folks here in the US and elsewhere) - Companies already involved in virtual currency trading are required to register with the local cultural affairs bureau within three months. - Minors may not buy virtual money. THIS IS POTENTIALLY HUGE. If enforced, this would essentially shut down most MMOs that use the Free-to-Play business model. http://playnoevil.com/serendipity/in...y-Instead.html |
Raccoon
To be honest I never saw the point in disallowing gold selling :P
Granted I had IRL money to waste on pretty clothes that don't technically belong to me, I like to think that the people that do buy gold are helping impovrished chinese families buy food for another day.
Why won't somebody please think of the children D:
Granted I had IRL money to waste on pretty clothes that don't technically belong to me, I like to think that the people that do buy gold are helping impovrished chinese families buy food for another day.
Why won't somebody please think of the children D:
Fril Estelin
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3. But... The rationale in the counter-article makes no sense. A person selling in-game gold for real-world cash necessarily involves another person selling a real-world good (cash) for in-game gold - which is forbidden. And, unless all the gold-buyers start keeping yuan on hand, that person is probably a Chinese intermediary (USD <--> yuan <--> gold).
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Chthon
Oh, I'm sure that most of the ultimate purchasers aren't in China. My point is that this isn't a simple 2-person transaction. It's not like the purchaser buys directly from the farmer. In between the purchaser and the farmer there's at least 2 other people -- the farmer's boss and a currency exchanger. If nothing else, the exchange between the farmer and his boss is surely a violation. Not that I expect the authorities have any interest in enforcing it...
Ghost Dog
Very Impressive China.
Honestly in the PRC gold farming is an ugly business and this is fitting.
Honestly in the PRC gold farming is an ugly business and this is fitting.
Longasc
China Daily updated their headline to reflect the fact that China did *not* ban gold farming.
I think we need to do that, too.
http://www.informationweek.com/news/...leID=218101859
"Editor's note: The former headline, China Bans Gold Farming, was changed because it incorrectly extended the scope of the new regulations to all virtual currency exchanges. The new rules limit official game currencies sold by game operators, but not "virtual network props such as costumes, games, coins, weapons and other props."
I think we need to do that, too.
http://www.informationweek.com/news/...leID=218101859
"Editor's note: The former headline, China Bans Gold Farming, was changed because it incorrectly extended the scope of the new regulations to all virtual currency exchanges. The new rules limit official game currencies sold by game operators, but not "virtual network props such as costumes, games, coins, weapons and other props."
revelation
That means we can still buy gold unidentifieds at Lions Arch
fb2000
Quote:
I think I'm going to wait until all these conflicting news stories calm down, but I've got to say I'd be very surprised if the Chinese actually banned gold farming.
1. I've heard tell that this was about maintaining control of the currency so that the central bank's monetary policy couldn't be undermined by people using QQ Coins and the like to bypass whatever inflation/deflation the policy was trying to create. Nothing to do with gold farming. 2. In matters economic and environmental, the policy of the Chinese government can usually be summed up as "F*** the rest of the world and do what's best for China's short-term pecuniary interest." Gold selling brings money to China at the expense of western (and Korean) game companies and non-gold-buying players. They have no incentive to ban it. 3. But... The rationale in the counter-article makes no sense. A person selling in-game gold for real-world cash necessarily involves another person selling a real-world good (cash) for in-game gold - which is forbidden. And, unless all the gold-buyers start keeping yuan on hand, that person is probably a Chinese intermediary (USD <--> yuan <--> gold). |
The Chinese can ban everything they like, however noone thinks they can actively enforce something like this right? Its just a PR move, nothing else.
I always have to laugh at all the "BAN GOLD SELLERS" zealots