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Art. 117. — The purchase, sale, use, and holding of so-called virtual currency is prohibited. Virtual currency is that used by internet users via the web. It is characterized by the absence of physical support such as coins, notes, payments by cheque or credit card.
Facebook Credits. Facebook Credits was a virtual currency that enabled people to purchase items in games and non-gaming applications on the Facebook Platform. One U.S. dollar was the equivalent of 10 Facebook Credits. [1] Facebook Credits were available in 15 currencies including U.S. dollars, pound sterling, euros, and Danish kroner. [2]
Gold farming is the practice of playing a massively multiplayer online game (MMO) to acquire in-game currency, later selling it for real-world money. [1] [2] [3] Gold farming is distinct from other practices in online multiplayer games, such as power leveling, as gold farming refers specifically to harvesting in-game currency, not rank or ...
Virtual currency. Virtual currency, or virtual money, is a digital currency that is largely unregulated, issued and usually controlled by its developers, and used and accepted electronically among the members of a specific virtual community. [1] In 2014, the European Banking Authority defined virtual currency as "a digital representation of ...
The wash-sale rule does not apply to cryptocurrency While the IRS treats cryptocurrency mostly as it does capital assets, it takes a totally different approach when it comes to wash sales .
Friends for Sale. Friends for Sale was a massively multiplayer online business simulation game originally developed by Serious Business, available as an application on the social networking website Facebook. The game allowed players to buy and sell virtual pets representing other players. [1] Since its launching by November 2007, Friends for ...
At the end of July, Facebook changed their platform policies (rules that regulate the actions developers can take in their Facebook applications / games), and mostly for the worse. TechCrunch ...
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