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Volume: 9 Issue: 1
(January 2007)
Keywords:
virtual
worlds
regulating
virtual
worlds
current
future
issues
second
life
recently
created
first
millionaire
attracted
abn
amro
wells
fargo
open
Virtual Worlds: Regulating virtual worlds: current and future issues
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.
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