Linden Lab Hastily Launches Authorized Linden Dollar Reseller Program to Allow (Highly Regulated) Third Party Selling of L$
As earlier indications suggested, Linden Lab has just announced an official Linden Dollar (L$) Authorized Reseller Program. Currently, Resellers include AnsheX, Bulido, vForEx, VirWoX, ZoHaIslands, but the company is taking applications for others. These are no longer third party vendors indepedently handling Linden Dollars vendors freely on their own. Rather, as the announcement explains:
These sites are authorized by Linden Lab to purchase L$ on the LindeX and then resell those L$ using a variety of international currencies and payment methods. To be clear: per the Terms of Service, these resellers will not be allowed to purchase L$ outside of the LindeX (i.e. they will not be able to buy L$ back from users and cash people out). The list of Authorized Resellers participating in the pilot program is available here.
This comes less than a week after Linden Lab updated Second Life's Terms of Service to forbid trading of Linden Dollars on exchanges other than the LindeX, Second Life’s official L$ exchange. The whole thing feels very hasty and ad hoc. Here's why: