Second Life Pros

The phenomenon was going to become a problem, sooner or later: Linden Lab, luckily, decided that ONLY “REAL” BANKS can operate as Banks in Second Life (they say that the recent collapse of Ginko Financial was one of the main reason they started to think about it).

The statement is:
“As of January 22, 2008, it will be prohibited to offer interest or any direct return on an investment (whether in L$ or other currency) from any object, such as an ATM, located in Second Life, without proof of an applicable government registration statement or financial institution charter. We’re implementing this policy after reviewing Resident complaints, banking activities, and the law, and we’re doing it to protect our Residents and the integrity of our economy.”

I agree. As I agreed when gambling was banned. Let’s keep Second Life a trusted and relatively safe place.

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