Govt curbs may take sheen off online gaming

The summer vacation is always a carnival for online gaming operators as millions of Chinese students indulge themselves lavishly in the virtual world of gaming.

But the festivities may be disrupted this year following the regulations banning online casino gambling and restricting the use of virtual currency.

The Ministry of Commerce and Ministry of Culture announced new regulations on June 26 to curtail trading in virtual currencies, prevent online gambling and restrict virtual currency from being exchanged for cash or used to buy real goods.