Alibaba Stops the Sale Of Bitcoin Miners

The Chinese version of Amazon; Alibaba has taken bitcoin mining equipment off of its platforms after the People’s Bank of China (PBoC) issued its ban on bitcoin and cryptocurrency transactions a few days ago on September 24.

Alibaba will no longer sell “Blockchain Miners” and “Blockchain Miner Accessories.” and the merchants who attempt to do so on Alibaba’s platforms will face penalties.

“ will prohibit the sale of virtual currency miners in addition to the prohibition against selling virtual currencies such as Bitcoin…which include but are not limited to: hardware and software used to obtain virtual currencies such as Bitcoin miners; tutorials, strategies, and software for obtaining virtual currencies such as tutorials on mining,” 

“For violations such as maliciously evading rules, deliberately confusing product information, intentionally placing products into improper categories, falsely exaggerating products, will impose penalties according to the severity of the violations, which include but are not limited to removing or deleting products, deducting points, restricting the use of website functions, and closing accounts,” the company has said.

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