Friday, November 18, 2011

Gaming Payments - The Legal Kind

Gaming payments bring together virtual world commercial transactions and real world payments.  This intersection raises issues of money services business licensing as well as ordinary contractual terms and conditions.  On the one hand, gamers expect to transact effortlessly in-game and across the real-virtual divide.  On the other hand, game operators need to know that they are entering the regulated space of financial transactions, despite the fact that they are simply operating a game.

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