The new rules limit official wow gold game currencies sold by game operators.

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The Chinese government stepped up and decided to ban all wow gold farming and all other MMORPGs that has a currency exchange. Even the developers themselves are not permitted to exchange ingame assets for real goods and services.The Ministry of Commerce issued a press release yesterday stating:"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. A form of virtual credit issued by it who has about 220 million registered users, practically as many as Facebook. Tencent has agreed to work with the Chinese government to ban virtual currency trading to stop illegal online activities, it will "resolutely" supported the new rule.The statement said Tencent had strongly opposed the underground trading of virtual money, which could enable online theft and fraud.  he estimates 80-85% of the wow gold farmers are based in China and the virtual currency market generates between $200 million and $1 billion annually.The length the Chinese government will undergo to prevent and enforce the new ruling is still unclear but we can definitely expect the prices of wow gold to be increasing over the new few days. I can hear the cries of wow gold farming sweat shops while majority of the wow gold gamers and publishers will be calling for a celebration.The only downfall of the banning will also be hurting a lot of developers who are using the microtransaction model in which wow gold gamers can play for free and only pay for extra content or rewards within the wow gold game.WOW Gold farming has always been frowned upon by the game developers and typically forbids this type of activity but has never successfully banned the practice. As for now, this is all the juice we have on this topic. How do you guys feel about the banning?Updates: currency conversion corrected, added China Daily reference, corrected wow gold farming paragraph and headline.Editor's note: The former headline, China Bans Gold Farming, was changed because it incorrectly extended the scope of the new regulations to all virtual currency exchanges.

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