Fandom

The IT Law Wiki

Closed-flow virtual currency

32,198pages on
this wiki
Add New Page
Talk0 Share

Ad blocker interference detected!


Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.

Definition Edit

Closed

Closed-flow virtual currency is

a virtual currency [that] can be used only within a game or virtual environment to purchase virtual goods or services, such as additional tools to use within a game. Virtual tools amassed by players can be traded in a game for other in-game assets or to advance to higher play levels, but they hold no value outside of the game and cannot be cashed out for dollars or other government-issued currencies.[1]

References Edit

  1. Virtual Economies and Currencies: Additional IRS Guidance Could Reduce Tax Compliance Risks, at 4.

See also Edit

Also on Fandom

Random Wiki