Over on Your2ndPlace, Nobody Fugazi has done a story on Second Life's World Stock Exchange (WSE) and its announcement of an up to 30-day closure. I headed over to WSE myself and sure enough was greeted with this: Auto Greeter: Hello. Lowell Cremorne Welcome to the WSE. As you all know we are upgrading as part of our launch for the WSE 4.0 platform. This is a huge … [Read more...] about WSE closed for up to a month – strange or not?
WSE
World Stock Exchange lays out roadmap and some history
On Friday I received a notecard in Second Life from the World Stock Exchange. It's a lengthy piece (replicated below) that provides some insights into future plans. It's also a dogged adherence by WSE to the belief that the whole operation is for entertainment and educational purposes only and that its currency is purely fictional. We've said it before and we'll say it again - … [Read more...] about World Stock Exchange lays out roadmap and some history
Legality of virtual stock exchanges – ASIC makes a call
Massively's Tateru Nino has written about the legality of virtual stock exchanges, including Second Life's World Stock Exchange run by Australian Luke Connell. ASIC is Australia's financial market watchdog and their view on virtual stock exchanges is that they don't fall under their purview - but that Fair Trading entities may scrutinise any claims of such markets being … [Read more...] about Legality of virtual stock exchanges – ASIC makes a call
World Stock Exchange facing legal problems?
The Second Life Herald are running a story on the Midas Bank saga, alleging that Midas have done some legal investigations around their issues with the World Stock Exchange, run by Australian Luke Connell (LukeConnell Vandeverre). If the issues aren't resolved and things do go legal, it'll provide a fascinating test-case for the status of finance in virtual worlds and … [Read more...] about World Stock Exchange facing legal problems?
World Stock Exchange – the latest controversy
I noticed on SL Reports.net that the World Stock Exchange (WSE) run by Australian, LukeConnell Vandeverre, is subject to controversy again. A virtual financial company called Midas Group has declared bankruptcy and alleges that WSE is part of the cause due to not paying a bond payment. There's been calls made for WSE boycotts and much more. What this latest drama … [Read more...] about World Stock Exchange – the latest controversy