Government Steps in to Second Life

Tags: Interventionism, Money and Banking, Media and Culture

01/11/2008 Mises Wire Jeffrey A. Tucker

Second Life Blog: “As of January 22, 2008, it will be prohibited to offer interest or any direct return on an investment (whether in L$ or other currency) from any object, such as an ATM, located in Second Life, without proof of an applicable government registration statement or financial institution charter. We’re implementing this policy after reviewing Resident complaints, banking activities, and the law, and we’re doing it to protect our Residents and the integrity of our economy.”

Mises.org covered the problem before anyone.

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