Shanghai-based online game company Giant Interactive (NYSE:GA) announced June 26 that it plans to close in-house developed MMORPG ZT Online's "prize draw" on July 6 following the release of a regulation to strengthen oversight of virtual currency in China. According to the regulation, operators may not accept real or virtual payment for lucky draws or other random selections offering virtual currency or items.
China's Ministry of Commerce and Ministry of Culture issued the regulation on June 26, to prevent virtual currency from impacting the real economy.
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