Officials Try to Crack Down As Fake Online Currency Is Traded for Real Money
China's fastest-rising currency isn't the yuan. It's the QQ coin -- online play money created by marketers to sell such things as virtual flowers for instant-message buddies, cellphone ringtones and magical swords for online games.
In recent weeks, the QQ coin's real-world value has risen as much as 70%.
It's the most extreme case of a so-called virtual currency blurring the boundaries between the online and real worlds -- and challenging legal limits. A Chinese Internet company called Tencent Holdings Ltd.....
http://online.wsj.com/public/articl...txkvNmGwwpouq_hl2g_20080329.html?mod=rss_free
China's fastest-rising currency isn't the yuan. It's the QQ coin -- online play money created by marketers to sell such things as virtual flowers for instant-message buddies, cellphone ringtones and magical swords for online games.
In recent weeks, the QQ coin's real-world value has risen as much as 70%.
It's the most extreme case of a so-called virtual currency blurring the boundaries between the online and real worlds -- and challenging legal limits. A Chinese Internet company called Tencent Holdings Ltd.....
http://online.wsj.com/public/articl...txkvNmGwwpouq_hl2g_20080329.html?mod=rss_free
