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Alibaba bans all cryptocurrency miner sales on its platform

The sale of cryptocurrency miners are no longer permitted on Alibaba
The sale of cryptocurrency miners are no longer permitted on Alibaba (image via Bitmain)
Chinese e-commerce giant Alibaba has just announced a ban on cryptocurrency miners and related paraphernalia on its website. Sales will be allowed till October 8, following which the listings will be deleted on October 15.

The Chinese Government cranked its anti-cryptocurrency crusade up by several notches over the past few weeks. After a crackdown on mining facilities located within its borders, it deemed all cryptocurrency transactions illegal. Now, e-commerce giant Alibaba has stepped in with a round of sweeping measures that will further dissuade miners in China.

Starting on October 8, sellers can no longer list cryptocurrency miners, such as the Bitmain Antminer E9 on Alibaba. Even the accessories that go with the said miners will be prohibited, along with any material informing users about how to mine cryptocurrency and the likes. Any orders placed between today (September 28) and October 8 can be processed, but they need to be shipped out before January 2022. However, sellers cannot receive any payments for the orders after October 8.

Alibaba will automatically delete any listings under the aforementioned categories starting on October 15. The company is also offering refunds to those who bought ads for their listings. Failure to comply with Alibaba's new rules could result in fines, restrictions and even the complete closure of an account. Lastly, it has also banned the sale of actual cryptocurrencies such as Bitcoin and Ethereum on its platform.

Buy the Bitmain Antminer s9j ASIC on Amazon

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Anil Ganti
Anil Ganti - Senior Tech Writer - 942 articles published on Notebookcheck since 2019
I've been an avid PC gamer since the age of 8. My passion for gaming eventually pushed me towards general tech, and I got my first writing gig at the age of 19. I have a degree in mechanical engineering and have worked in the manufacturing industry and a few other publications like Wccftech before joining Notebookcheck in November 2019. I cover a variety of topics including smartphones, gaming, and computer hardware.
contact me via: @AnilGanti, LinkedIn
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2021 09 > Alibaba bans all cryptocurrency miner sales on its platform
Anil Ganti, 2021-09-28 (Update: 2021-09-28)