A prohibition law of real money trade(RMT) for virtual item led by the Ministry of Culture, Sports, and Tourism(MCST) was revised significantly yesterday.
The revised law prohibits RMT from only those who own corporation or business license while the previous one had banned all the RMTs from Teen games whereby even adult players who play the Teen games could not cash out their items.
So the adults are now legally allowed making money out of their virtual items via a legal broker site while so called professional gold farmers who grind virtual items as a job to sell them to other gamers with the real money are completely blocked.
The game industry is looking forward to rooting out the gold farmers who have generated abnormal amount of in-game money and items.
However there are still the odds the gold farmers might disguise as personal traders instead of professional traders because they have just needed the business license in order to be legally exempted from paying taxes. So they can still do their job and pay little bit more taxes now.
“The new law will definitely bring a certain outcome since it literally blocks the teens’ RMT. But I still doubt if this could block the gold farmers using all kinds of expedients. To be more effective, more laws are needed to clarify the regulation,” said an industry official.