Alibaba to Stop Selling Crypto Mining Machines

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…

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