What if all in game currency that can be bought with money, was subject to currency laws and required to be audited and taxed.
That would hopefully put an end to that crap.
Huh. Taxed on what basis? You buy it with your already income taxed money, and the company reports it as income which is then again taxed? It’s like buying a gift voucher. Or maybe foreign currency, but usually you are only taxed on the gains once you sell them, but you can’t sell in-game currency… What else would you like to tax? What would you even audit? Hey tax authority, I have 3 million gold coins, 2486 diamonds and 4 speed ups in clash of clans, do you want screenshots? Do I just send you 10% to your clan?
In-game currency is annoying and bad, but I don’t get what you want to do here.
It would likely lead to a lot of issues. The games companies would need licences like a bank. They would need to keep it secure and have funds availabke to offset a run. It would likely also mean that players would be able to refund unused cash.
If they change the value in game, it might lead to gains which are taxable or losses which are possible to offset.
You know, like how money works
Kay, first step. Second step, not having to buy any currency.
Make it have to follow the same regulations as other currencies and banks. If it looks like currency, and functions like currency, maybe it should be considered currency.
I never have to buy in-game currency. It’s not even very hard to achieve that goal. Just don’t play those games.
Ya “don’t like it don’t play it” till every game had premium currency, which is what basically happens right now. Premium currency is a cancer on games and needs to be regulated out of existence. It’s a predatory system to make you think “oh I’m not spending money I’m spending gems!” and leads to addicts losing tens of thousands of dollars. Anyone who defends these systems is either a fanboy or clueless about their impact.
I want the entire practice to die in a fire, but whales are always gonna be selfish assholes that prop up the business model.
“Congratulations on reaching level 75, your bonus reward is 19¢”
