Marbridge Daily

<- March 31, 2010 ->

Taobao Receives MoC Virtual Currency Permit

CCID, 3/31/10

According to the Ministry of Culture's records of companies authorized to conduct online cultural business, Chinese B2C & C2C e-commerce website Taobao has obtained permission to conduct virtual currency transactions.

Editor's Note: For more information on the Ministry of Culture's regulation of the virtual currency market, please see "China Regulates Virtual Currency Market" MD 6/26/09 issue.

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