China

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Li Hongchen v. Beijing Arctic Ice

Li Hongchen v. Beijing Arctic Ice Technology Development Co. Ltd.,
This is generally is regarded as the first instance of ‘virtual theft’ being recognised by a court.  The case concerns virtual items taken from a player’s account through some form of account hacking. The case was brought by the victim of the theft against the game [...]

China: Virtual (only) currency rule

On 29 June 2009 the Ministry of Commerce of The People’s Republic of China released a statement (see full text below) announcing that ‘China has unveiled the first official rule on the use of virtual currency in the trade of real goods and services to limit its possible impact on the real financial system.’
Rather than [...]