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China

Beijing fears virtual money’s influence

By Mure Dickie in Beijing

Published: March 6 2007 19:32 | Last updated: March 7 2007 02:16

China has issued restrictions on the use of “virtual money” from internet games, warning such currencies could threaten real-world financial stability.

The ban on using virtual money to buy “material products” is part of a wider tightening of controls that includes a renewed crackdown on the cafes where many of China's estimated 137m internet users go online.

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