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Virtual Currency to Real Money Trading Now Legal in Korea

Posted Jan 13, 2010 by Michael Bitton

Virtual Currency to Real Money Trading Now Legal in Korea

Massively is reporting on an interesting development in South Korea where the country's supreme court has ruled that virtual currency is the equivalent of real money, thereby opening Pandora's Box for RMT (Real Money Trading) as a legitimate business practice.

Image Credit: One Last Continue

While this ruling likely is sending chills up the spines of every MMOG fan worth his salt everywhere, I'm sure the RMT operations running in Korea are partying right about now.

You can read more about the case at the Korea Times and JoonAng Daily.

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Michael Bitton / Michael Bitton / Michael began his career at the WarCry Network in 2005 as the site manager for several different WarCry fansite portals. In 2008, Michael worked for the startup magazine Massive Gamer as a columnist and online news editor. In June of 2009, Michael joined MMORPG.com as the site's Community Manager. Follow him on Twitter @eMikeB

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