virtual cash

Many internet users especially those literally living in the virtual space are discussing a scandal around the theft occurred in the MMOG game known as EVE Online, where more than 300,000 subscribers pay $15 a month to play. A person who managed EBank, EVE's largest player-run financial institution which has thousands of depositors stole virtual money from the bank to exchange it for real cash.

The Ministry of Commerce and the Ministry of Culture released new regulations that forbid use of virtual cash for real-world trade. Virtual currency can now only be used for virtual goods and services that are provided by the issuers of the virtual currency.

According to the Ministry of Commerce, those caught using virtual money for gambling will be punished by public security authorities.