China’s latest set of laws are going to hurt their economy even greater in this economic depression. Their latest set of seemingly pointless laws include one to make online gold farming illegal. What this means is that you can’t sell virtual items obtained in games for anything other than the games virtual currency. This means you can’t buy or sell gold in games such as Runescape or World of Warcraft, and makes games like Entropia questionable where the entire point of the game is to make money.
It has been estimated that each year between $200 million and $1 billion a year is made through gold farming across the globe and that 85% of these gold farmers can be found in China. These laws may be meant to protect the rights of these gaming companies who clearly prohibit the selling of their virtual items. There was no mention as to whether account selling of these types of games was allowed. Loophole?
Anybody out there a gold farmer from China who is going to be affected by this? I’ve seen some pretty big gold farming sites in the past, and it’s clearly a very easy, profitable little business. If you’re not living in China, now would be your time to dive into the market. All these previous customers are going to be looking for a new place to buy their gold.