|In the real world or the offline world, stealing money is a crime. In the online world, where everything is zeros and ones including money it’s ok to steal?|
A new verdict passed by a Judge could translate into this. In a ‘cyber theft’ the Taipei district court judge acquitted a virtual money thief this week. The arrested virtual thief was identified as Mr.Wang. The guilty was later absolved on grounds that Internet records, which can be reproduced, could not be used as evidence against the defendant, according to the Judge.
Most online casinos offer or deal with virtual money, and all the transactions are electronic including the money transfers.
Wang was charged on larceny charges, as he used a friend’s password and account to play an online Japanese game, and reportedly stole virtual money worth $40,000.
“As no one has filed any complaint against Wang, the case has to be dismissed,” added the Judge. This could have profound implications as most countries are still battling on cyber-regulations and online casino operators facing security issues and identity thefts becoming more commonplace.