Virtually Real

Online money is fast gaining currency in the real world. Recently, the supreme court of South Korea made it legal to exchange real money for the virtual stuff.

Online money is fast gaining currency in the real world. Recently, the supreme court of South Korea made it legal to exchange real money for the virtual stuff. This happened after two gamers were accused of selling the goods that they had earned in the game Lineage for real money. Both were acquitted. Then there’s China, which has imposed a tax on gains on sale of virtual currency in the real world. So next time you buy and sell Linden Dollars from Second Life, be warned, you could just be sitting on a pile of real moolah.

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Tanvi Jain