Are you ready for visual currencies?

Represented by two lovable penguins, Tengxun’s QQ is more than the most successful instant communication tool but a series of network services (chat, community and games).

QQ Coins are sold online. You may think they are simply tokens for visual games or alternative payment for QQ services, but when they’ve reached the amount of RMB 220 million, they acquired sorts of quasi currency status among the QQ users. QQ coins may well imply the financial risk to Chinese currency system.

http://tech.sina.com.cn/i/2007-03-09/07161408016.shtml

Regulation is actually coming up.

http://tech.sina.com.cn/i/2007-06-12/04161557194.shtml

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