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Valve Makes Massive Change to CS: GO Keys Because of Money Laundering

CS: GO keys, used to open crates, have been a big deal on the Steam marketplace and it is no secret that they have been used for trading on 3rd party websites. These keys can be bought with real money in the in-game shop or from others on the Steam marketplace, but they can also be traded between users who pay for them on 3rd party websites. Valve has now made a massive change to CS: GO keys.

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In the early hours of the morning, Valve announced that starting today, CS: GO keys purchased in-game cannot be traded or put on the Steam marketplace, but before you absolutely lose it because you just bought 100 keys, there is a silver lining. Existing CS: GO keys that you have acquired prior to today can still be traded and put on the Steam marketplace.

The reason for this is because of money laundering via worldwide fraud networks and Valve believes that at this point in time, “nearly all” CS: GO keys purchased and then sold or traded are fraud-sourced. Valve explains this massive change in the latest post on the CS: GO blog:

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”#16D6EB” class=”” size=”20″] Why make this change? In the past, most key trades we observed were between legitimate customers. However, worldwide fraud networks have recently shifted to using CS: GO keys to liquidate their gains. At this point, nearly all key purchases that end up being traded or sold on the marketplace are believed to be fraud-sourced. As a result, we have decided that newly purchased keys will not be tradeable or marketable.

 

For the vast majority of CS: GO users who buy keys to open containers, nothing changes; keys can still be purchased to open containers in their inventory. They simply can no longer be traded or transacted on the Steam Community Market. Unfortunately, this change will impact some legitimate users, but combating fraud is something we continue to prioritize across Steam and our products. [/perfectpullquote]

Valve also notes that if users have feedback or concerns about this change, they can email the developer at CSGOTeamFeedback [at] valvesoftware.com with the subject “Key Restriction”.

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What do you think about this change to CS: GO keys and that keys purchased starting today will not be tradeable or marketable? Let us know in the comment section below.

Marco is the owner and founder of GLITCHED. South Africa’s largest gaming and pop culture website. GLITCHED quickly established itself with tech and gaming enthusiasts with on-point opinions, quick coverage of breaking events and unbiased reviews across its website, social platforms, and YouTube channel.

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