In South Korea: Virtual Currency = Real Money

January 22nd, 2010  |  by Rochelle  |  published in MMOs

In South Korea: Virtual Currency = Real Money

The Korean Supreme Court has just implemented a ruling stating that virtual currency can now be converted to hard cash, and taxed accordingly. The new ruling incited mixed reactions, with PTAs and anti-gambling lobbies understandably against it, while online gaming providers see it as a new opportunity for the industry. So uh, gold farming, anyone?

 




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