Alibaba bans all cryptocurrency miner sales on its platform
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.