04.15.2010

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General News

Virtual currency can be  used to purchase anything from a sword or armor in a game to a ring tone on a phone, Perkins Coie Partner Dax Hansen told Forbes in a recent article on "Regulating Virtual Currency." The trouble begins when virtual currency can be redeemed for cash, especially if the currency involves more than one company or moves internationally, Hansen said.  "There are laws that apply with real implications for liability."