China Restricts Minors From Using Virtual Currency

eldavojohn writes “For those under eighteen who play video games in China, life just got a little harder. Not only is gold farming illegal, but starting August 1, virtual currency platform makers are expected to put in safeties that prohibit underage players from using virtual currencies — because doing such a thing might promote ‘unwholesome’ behavior. The new regulations explicitly ‘forbid content advocating pornography, cults, superstitions, gambling, and violence in all online games.’ The business papers are picking it up as a number of stocks from companies like Tencent Holdings — which is heavily based in virtual currency in China — fell about 5%, though the company said that the ban on minors will not affect it.”

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