Article 14 Virtual currencies
A trader offering or making available to consumers paid-for virtual currencies that are used for the purpose of purchasing virtual items or other products offered by that trader, shall indicate the corresponding monetary value of those virtual items or other products, or their estimated monetary value in the currency in which the consumer acquired the first virtual currency.
This paragraph shall not apply to providers of online networking services or video-sharing platform services and of AI companions and of general conversational chatbots subject to the disclosure obligation laid down in Article 13(1) of Regulation (EU) [EU KIDS Act].
Where a trader’s products are directed at minors or where the trader is aware with reasonable certainty that the product is used by minors, the trader shall ensure that paid-for virtual currencies are disabled by default for minors and shall ensure that paid-for virtual currencies can only be activated upon parent or guardian approval.
