China's Answer to eBay Bans Sale of Bitcoins and Mining Gear
Taobao, China's largest online marketplace, will ban the sale of all cryptocurrencies, mining equipment and mining tutorials from 14th Jan, it said in a statement released today. A CoinDesk translation of the statement's major points is below: Dear members: In order to promote healthy development and ensure the interests of our members, some adjustments have been made in compliance with the government's legal requirements. Our list of banned items will include bitcoin, litecoin and other virtual currency ... The adjustment will take effect starting on 14th Jan. The statement specifies....
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China's version of eBay, dubbed TaoBao, has made a statement today indicating they plan to ban sales of cryptocurrencies like bitcoin and the any hardware used to mine them. The service cites recent developments in China's legal landscape surrounding bitcoin, and Taobao expresses its desire to remain in compliance with the rules set forth by the People's Republic of China. Banned sales items include: bitcoin, litecoin, quarkcoin, PPCoinm, namecoin, and just about any other digital currency you can think of. Of relation, any hardware and/or software used to mine bitcoin or other digital....
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