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The Wall Street Journal’s China Journal reports that China is directly taxing profits made on sales of virtual currency, apparently whether or not the virtual world or game provider affirmatively supports “real money trade” in its game or virtual world.? From the WSJ post: The State Administration of Taxation said on its Web site Wednesday [...]

This edition of Virtually Blind’s Reading Room features an article addressing legal issues associated with virtual item transactions.? The article, Transactions of Virtual Items in Virtual Worlds (.pdf), by Michael Passman, is available here courtesy of the author and the Albany Law Journal of Science & Technology.? Passman is a recent law school graduate who [...]

I’m excited to report that I co-authored the cover article, Virtual Worlds, Real World Issues, for the the inaugural issue of Landslide.? Landslide is a new magazine from the Intellectual Property Law Section of the American Bar Association; it should be arriving in mailboxes this week.? My co-author is Sean Kane, who is also one [...]

In a virtual property first, Sweden’s Mindark, creator of the real cash economy-based game/virtual world Entropia Universe is, according to a post at Entropia Forum (which translates a Swedish article), creating wills to allow the inheritance of virtual property.? The article also discusses the tax situation regarding gains in Entropia. and notes, for what I [...]

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