E-commerce giant Alibaba announced Monday it will stop selling specialized mining equipment on its platforms on Oct. 8.
- Alibaba said its decision was in response to the latest People’s Bank of China policy circular on crypto trading as well as a 2017 circular. The notice, signed by some of China’s top financial regulators and published on Friday, banned all crypto trading-related activities in the country.
- But the company said it is also taking into account the “instability of laws and regulations” on crypto around the world.
- Alibaba will shut down two categories: “Blockchain Miner…