Gold Farming illegal in China?

According to the official news release of Ministry of Commerce the People's Republic of China:

China has unveiled the first official rule on the use of virtual currency in the trade of real goods and services to limit its possible impact on the real financial system.

The government also spelled out the definition of "virtual currency" for the first time, which includes prepaid cards of cyber-games, according to a joint circular from the Ministry of Culture and the Ministry of Commerce Friday.

"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." it said.

More references and comments:

InformationWeek

CNET

Virtual goods news

Law of the game

Terranova

CNN

Play no evil


and CNBC video:

Read more...