š The New York Attorney General accused Valve of possible money laundering through Steam
State authorities conducted a demonstrative experiment:
a detective bought skins in Counter-Strike 2 for $550, resold them, and with the proceeds ordered a Steam Deck. Then the console was pawned for $180.
The prosecutor's conclusion: there is a potential channel for converting virtual items into cash, which can be exploited by fraudsters.
However, during the "laundering," $550 turned into $180ā¦
Commissions, spreads, and the pawnshop discount look like the worst business model in history š
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