Chinese tech giant Alibaba Announce Today, it will ban the sale of all goods and services related to cryptocurrency mining.This decision is made in Announcement of the People’s Bank of China All crypto-related transactions are illegal.
Alibaba is China’s largest e-commerce platform and a huge technological influencer. The official company announcement came after the People’s Bank of China, the official financial institution of China, decided to make all crypto-related transactions illegal.
Alibaba announced that from October 8, 2021, all crypto-related sales will be considered as sales of illegal items. The authorization covers all virtual currency miners and services related to virtual currency, such as Bitcoin, Litecoin, BeauCoin, QuarkCoin, Ethereum, etc.
In addition to any tutorials on cryptocurrencies, the ban also covers any hardware or software used to obtain these virtual currencies. In addition, the company also closed the “blockchain miner accessories” and “blockchain miner” categories.
The ban came into effect on October 8. It is clear that the Chinese government wants to remove any traces of cryptocurrency from the country, and even prevents tutorials and other written instructions on how to mine the currency. This is obviously related to any and all review strikes. Encrypted currency information.