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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 [...]

You probably haven’t heard of Joshua Zarwel (Second Life’s ‘Teufel Hauptmann’), but he was the very first person I thought of when Linden Lab banned banking last week. ‘Hauptmann’ doesn’t get a lot of press. He’s never been accused of insider trading or blackmail in the Second Life Herald, he doesn’t spend much money on [...]

As virtual worlds continue suffering through legal growing pains, both mainstream press and the blogosphere are covering virtual law more often. There are a number of errors that pop up in these stories with surprising regularity. Here, in the opinion of VB’s editor, are the top five fumbles. Fumble #5: “The cases are settling, so [...]

Welcome to 2008! I’m not sure if it’s my inner litigator telling me to avoid going on the record with things that can make me look foolish, my inner philosopher telling me that the calendar change from December to January is a pretty arbitrary construct, or my inner skeptic telling me that predictions are just [...]

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