China cracks down on Virtual Currency trade

News Portal · **Posted:** 1 Jul 09, 9:42 am

China have made the first move in regulating the use of virtual currency - by effectively outlawing a common form of gold farming. A joint release from China's Ministry of Culture and Ministry of Commerce reveals the country has now forbidden the act of trading virtual currency for real-world goods or services.

With nearly 300 million internet users in China, this ban is expected to impact a decent-sized chunk of the population - and it's all because of the potential impact that virtual currency could have on the country's real financial system.

Read full article by Jessica Citizen

Artful-dodg3r · **Posted:** 1 Jul 09, 10:02 am

It's sad, I actually know someone here at work that buys his gold from these types of sites... he's spent ~$700US so far, around 75000g. Quite sad really.

joshuatree · **Posted:** 1 Jul 09, 10:05 am

Artful-dodg3r wrote:

It's sad, I actually know someone here at work that buys his gold from these types of sites... he's spent ~$700US so far, around 75000g. Quite sad really.

But I bet he has an epic mount, and pulls all the hot elfs.

SlazzaAU · **Posted:** 1 Jul 09, 10:16 am

^^ elves...

joshuatree · **Posted:** 1 Jul 09, 10:42 am

Yah, those.

>XaartaX< · **Posted:** 1 Jul 09, 11:10 am

Artful-dodg3r wrote:

It's sad, I actually know someone here at work that buys his gold from these types of sites... he's spent ~$700US so far, around 75000g. Quite sad really.

Sadder than sitting there grinding mobs/quests to get the gold they need? They probably quickly figured out that they could save a lot of time by simply buying the gold than slaving away doing repetative ingame things to get it.

Storm| · **Joined:** 3 Dec 08, 10:43 pm **Posts:** 185

So many chinese gold farmers out of jobs.

Sathias · **Posted:** 1 Jul 09, 11:18 am

>XaartaX< wrote:

Artful-dodg3r wrote:

It's sad, I actually know someone here at work that buys his gold from these types of sites... he's spent ~$700US so far, around 75000g. Quite sad really.

Sadder than sitting there grinding mobs/quests to get the gold they need? They probably quickly figured out that they could save a lot of time by simply buying the gold than slaving away doing repetative ingame things to get it.

Are people who spend countless hours practicing their skills in an online FPS sadder than people who use hax to get their kills?

Storm| · **Joined:** 3 Dec 08, 10:43 pm **Posts:** 185

Sathias wrote:

Are people who spend countless hours practicing their skills in an online FPS sadder than people who use hax to get their kills?

You can't make a blanket statement like that and expect everyone to have the same opinion. I personally don't care if someone is poop at FPS and use hacks to make up for it. As long as they're not using SUPER-UBER KILLEVERYONE666!!11!1 hacks that are completely obvious and ruin the gameplay all they're doing is making up for how much they suck.

>XaartaX< · **Posted:** 1 Jul 09, 11:51 am

Playing an FPS takes a tad more skill than spending hours smashing the same mob over and over again for gold/items.

Krogan · **Joined:** 25 Sep 07, 8:35 pm **Posts:** 227

It's still a valid comparison, and there is no need for 75k gold unless you suck balls at the game. But what matters to me is that hopefully this will lessen the amount of lvl 1 warriors that send me tells. Hotgirl says, hello you there?, you ignore hotgirl. It can get rather frustrating when you do it 20 times a day.

So yeah my big problem is with the gold sellers not the buyers in WoW.

Jez · **Posted:** 1 Jul 09, 12:29 pm

Artful-dodg3r wrote:

It's sad, I actually know someone here at work that buys his gold from these types of sites... he's spent ~$700US so far, around 75000g. Quite sad really.

You could still end up effectively saving more money than you're spending by electing to buy gold rather. Say it took him a total of ten hours to earn that money at his job, but it would have taken him a hundred hours of playing WoW to amass that amount of gold, by buying the gold he's coming out ahead.

I guess at the end of the day it depends on whether or not you can derive any enjoyment from grinding. This is coming from someone who hasn't played an MMORPG since Everquest some six odd years ago by the way.

Winged Sandals · **Posted:** 1 Jul 09, 12:53 pm

imo, spending money (especially $750) is real sad, because its on a virtual item/etc virtual furniture/clothes etc

Jez · **Posted:** 1 Jul 09, 2:49 pm

Grimace wrote:

imo, spending money (especially $750) is real sad, because its on a virtual item/etc virtual furniture/clothes etc

But spending time that adds up to an equal or greater amount of money isn't sad?

BarneyGumball · **Posted:** 1 Jul 09, 2:53 pm

People who play WoW are sad.

There, now everyone's happy.

China cracks down on Virtual Currency trade

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