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The steam store is very limited because Valve is worried about violating AML (anti-money laundering) requirements. With blockchains these worries can be allevia
by jcfrei 5y ago
The steam store is very limited because Valve is worried about violating AML (anti-money laundering) requirements. With blockchains these worries can be alleviated because all transactions are visible. It could allow developers to create in-game currencies that can then be exchanged for currencies in other games: Imagine selling all your World of warcraft gold for some gold in Zelda.
- Traster 5y agoWhy would the blockchain help you circumvent anti-money laundering laws? Do you think Nintendo are going to be less worried about a money laundering operation than Valve?
- jcfrei 5y agoNot circumvent them. You can create a system that addresses the concerns of regulators wrt money laundering. Valve offering such functionality on their steam store (without some blockchain just all transactions in their own DB) would likely get them shutdown in most countries.
- motioncuty 5y agoFunny thing is, thats probably a taxable exchange.