China cracks down on 'virtual money'

Regulators have ordered Chinese websites to limit the use of "virtual money" after concerns that the online credits might be used for money laundering or illicit trade.

The order governing credits sold by websites to customers to pay for online games and other services comes amid a campaign to tighten official control over China's online industry.

The most popular Chinese online credits are "QQ coins" issued by the website, which has 220 million registered users. A man who answered the phone Wednesday in Tencent's publicity office refused to say how many of the credits it has sold.

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