Iowa Banking Law Blog: Virtual Banks in a Virtual World

Iowa Banking Law Blog: Virtual Banks in a Virtual World
Virtual Banks in a Virtual World

On May 3, 2007 five virtual bank licenses were sold for a total of $404,000. These licenses give the respective buyers the exclusive right to engage in banking activities on Entropia Universe. Entropia Universe, similar in many ways to Second Life, is a “massive online virtual universe . . . set in a distant Sci-Fi future.”…

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: