The Joint Economic Committee (JEC) of Congress has announced that it is investigating the amount of commerce taking place in multi-player online role-playing game worlds.

The increase in the popularity of online gaming has brought about virtual economies in the exchange items “won” or “stolen” during play.

"There is a concern that the IRS (Internal Revenue Service) might step forward with regulations that start taxing transactions that occur within virtual economies," said committee chairman Jim Saxton. "This, I believe, would be a mistake."

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