Volume: 9 Issue: 1
Second Life recently created its first millionaire and has attracted ABN Amro and Wells Fargo to open virtual outlets. The financial capital invested by users in some virtual worlds is comparable with the GNP of some countries. In October, the Joint Economic Committee of the US Congress announced it would examine taxation and its application to virtual economies. David Birch, director, Consult Hyperion, examines the regulatory issues.