 The Chinese government stepped up and decided to ban all World of Warcraft gold farming and all other MMORPGs that has a currency exchange. Even the developers themselves are not permitted to exchange ingame assets for real goods and services. The Ministry of Commerce issued a press release yesterday stating: “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.” The Chinese government estimates virtual currency exceeded several billion yuan last year and growing 20% annually. One billian yuan is roughly $146 million. There are approximately 300 million internet users who are participating gold farming for a variety of games.
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