Main information:
Virtual currency refers to a kind of virtual currency on the Internet. That is, the information flow or data flow that replaces the circulation of physical money in high technology. Today, with the rapid development of information technology, physical currency is far from meeting people's demand for capital flow.
Virtual currency is different from checks and wire transfers. The unrealizable value of virtual currency cannot be transferred through banks, and it can only circulate in the online world at present. Virtual currency is issued by various network organizations themselves, and there is no unified issuance and management standard.
According to incomplete statistics, there are no less than 10 kinds of online virtual currencies in circulation, such as Q coins, U coins, Baidu coins, bubble coins, cool coins, Warcraft gold coins, paradise coins and grand counting coupons. Take Q coins as an example, there are more than 200 million users. According to industry estimates, the domestic Internet has a virtual currency market scale of several billion yuan every year, and it is growing at a rate of 15%~20%.
The concept of virtual currency for online games first appeared in government documents and was mentioned in the Notice on Further Strengthening the Management of Internet Cafes and Online Games issued by the Ministry of Culture, the Ministry of Public Security and the People's Bank of China in February 2007. The concept of virtual currency in online games is put forward for the first time in the document.
At the same time, the use of virtual currency in online games and the punishment for problems have also been clearly defined. The Notice on Further Strengthening the Management of Internet Cafes and Online Games is a further continuation of the regulations in 2007.