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Liddokun's Gaming Rave

This is my personal blog. I write about practically almost anything and everything but my favorite topic is about games, society and culture as well as technology and science.

Author: Liddokun

MMORPG and the dirty business of RMT

Posted by Liddokun Thursday October 15 2009 at 2:24PM
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If you have been reading the gaming industry news recently one ministry has passed a law banning all foreign MMO companies (wholly owned or joint venture) from operating in China. Supposedly the reason for the ban is that criminal elements from china are using RMT (real money trading) to launder money from their criminal activities using MMOs. The criminals supposedly use virtual gold to pay for drugs/arms/illicit activities and in order to cover their money trail the goods/services are paid using virtual gold and then the virtual gold is then resold for real world money. The chinese government is trying to stop this practice because it is virtually impossible for them to track such transactions when the game server/logs and the server proprietors are located in another country. So people, remember if you buy in-game gold you might inadvertently be assisting criminals in their illegal activities.

biofellis writes:

I hope you're being sarcastic.

Money laundering is primarily a scheme by which 'fake' (unvalidatable) gains are claimed to justify income. In other words, they set up a front, then say "We made (x) dollars"- regardless of actual business activity. In other words- they look like they're making money on paper- they could care less if any actual 'customers' come in. Matter of fact- too many 'real' customers messes up their flow because they can only realisticly serve x customers per hour. (At least in real world operations.) In a virtual operation, I'm sure they could care less. Remember- this isn't a business where they need to make money- they already made it- they just have to 'explain' where it came from- and they fake that anyway.

Buying gold is still lame, though- but grindish games where the costs are ridiculous and income is a trickle suck too. I like to play games, not 'work' as a 'farmer'.

Anyway- this is going to be a more diplomatic issue anyway. Hell Japan has outlawed foreigners owning business forever. No one cares. On the more 'human side', If you marry a japanese citizen they never let you become one. Your kids (should you have them) will not be naturalized citizens either- Japan has genrations of kids of kids who still must carry their passports at all times. They're all still tainted by foreigners and subsequently foreign. This kinda thing isn't new, but it is sad. The world is too friggin big. Ah well. It's their game, let them play.

Thu Oct 15 2009 2:48PM Report
Thalarius writes:

Here in the United States there have been efforts over the past few years to have a Internet Income Tax for those players who buy and sell online gold. Big MMO companies like Blizzard have been dead set against it. Main reason IRS gives congress every year is the "gold farmer" reasons and make examples like blizzard as a company that supports gold farming and makes a profit off of them without paying any sort of tax.  (blizzard reps have to testify before congress everytime this comes up).

If congress ever does pass a tax law of this nature it will spell the death knell of virtually every MMO company that allows gold farming, buying and selling of online gold aka currency.

Wed Oct 21 2009 4:58AM Report writes:
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