EVE Online Appoints In-World Economist

Coming in late July or August the Joint Economic Committee (Congress) will be issuing their report on the possible taxing of virtual world economics. Rumor is that committee members privately say they are not looking to tax the gamers. Let’s hope so!

With more than 3.5 million accounts circling the globe, Webmoney has no real digital currency competition and they are growing fast. The convenient digital money products they offer are second to none and the currency is widely integrated into the daily lives of its users.

This month I’m taking a closer look at virtual game currency or virtual e-currency. For the last few years, China’s virtual currency world has been quickly growing up and today it is rapidly expanding and gaining real e-commerce muscle. China’s Xinhua News has reported that the volume of virtual currency transactions has reached several hundred million USD a year in China.
The QQ coin is a virtual currency issued by Tencent which is China’s largest IM provider. The virtual money is highly valued and already the central bank of China is worried …read more

All January we are taking a closer look at Virtual Gaming Currency.