China’s Bans Sales Of Bitcoin-related Products

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Chinese C2C e-commerce website formally published an online notice stating that starting from January 14, 2014, the website will ban the sale of Bitcoins as well as Bitcoin mining machines. said that based on the related regulations and policies of China, the company will adjust its prohibited product management practices accordingly, adding virtual currencies like Bitcoin and Litecoin to its prohibited product category. Meanwhile, related products, including Bitcoin mining guidance and Bitcoin mining hardware and software, will all be banned on the website.

A spokesman from Chinese Bitcoin news site said the rush to ban the Bitcoin mining devices was a self-censorship and self-imposed decision by Taobao, as no regulation in China so far seems to directly target these types of devices. The decision to ban th...

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