August 27th, 2007
Virtual Money Worlds Hiring Real Economic Gurus
EVE Online Appoints In-World Economist
EVE Online Appoints In-World Economist
Coming in late July or August the Joint Economic Committee (Congress) will be issuing their report on the possible taxing of virtual world economics. Rumor is that committee members privately say they are not looking to tax the gamers. Let’s hope so!
Entropia Universe just issued 5 virtual bank licenses which combine financial services from the virtual game world and real world banking type business. So, when does ‘virtual’ banking fall under the category of a Money Service Business…..its very hard to tell after learning of this mashup between virtual game currency and cash.
eBay puts the brakes on virtual products auctions, but Second Life products are exempt and shall remain OK.
All January we are taking a closer look at Virtual Gaming Currency.
Digital Currency, e-Currency and Digital Money
Written by Benson Koh [email], and Donna Jackson [email] for b5media.
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