I recently got off a phone call with Venture Beat about a breaking news story on gold farming. For those who are still catching up it looks like China has imposed some new laws on buying and selling gold in virtual spaces.
FROM THE ARTICLE: Yesterday, China’s Ministry of Culture and Ministry of Commerce issued new rules that prohibit virtual currency from being spent on real world goods and services. The rules state, “The virtual currency, which is converted into real money at a certain exchange rate, will only be allowed to trade in virtual goods and services provided by its issuer, not real goods and services.”
The photo above was taken in China of my friend (a goldfarmer) and I arm wrestling.