‼️ The British court has recognized RuneScape gold coins as property
🇬🇧 According to the appellate court's decision, virtual gold in the popular online game RuneScape can be considered property, whereas the previous court ruled that in-game coins are not "competitive" because their quantity is unlimited.
🟠 The defendant – a former employee of the game developer company Jagex – allegedly stole 705 billion in-game coins and then sold them for BTC and fiat money totaling $748 385.
As a result, the court recognized in-game money as "assets with a definable monetary value that can be sold for that value both within and outside the game."
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
‼️ The British court has recognized RuneScape gold coins as property
🇬🇧 According to the appellate court's decision, virtual gold in the popular online game RuneScape can be considered property, whereas the previous court ruled that in-game coins are not "competitive" because their quantity is unlimited.
🟠 The defendant – a former employee of the game developer company Jagex – allegedly stole 705 billion in-game coins and then sold them for BTC and fiat money totaling $748 385.
As a result, the court recognized in-game money as "assets with a definable monetary value that can be sold for that value both within and outside the game."