October 19, 2021

Alibaba will ban the sale of bitcoin miners

Alibaba will ban the sale of bitcoin miners

Starting October 8, sellers will not be able to list crypto-related items on Alibaba.

According to the official statement, the platform will remove fromstore two categories - crypto-miners and accessories for them. In addition, Alibaba users will no longer be able to sell training courses, trading guides and strategies, and mining tutorials.

Sellers who fail to comply with the new rules will be punished with store blockages and freezing of accounts.

The company noted that these rules were introducedagainst the backdrop of pressure from Chinese regulators on the crypto sector. This week, a Chinese firewall blocked two of the most popular crypto sites, CoinMarketCap and CoinGecko.

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According to the materials cointelegraph.com

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