“Alibaba said that as of January 14 it would stop its users from doing any deals in Bitcoins or other virtual currencies such as Litecoins, and would bar merchants from selling any Bitcoin mining software or offering any related products. The decision was taken to ‘promote the healthy development of Taobao Marketplace and to more effectively protect the interests of Taobao members,’ Alibaba said in a statement. It added that the ban stemmed from the central bank’s ruling in December that prohibits any payment companies or financial institutions from handling Bitcoins.”
http://www.businessinsider.com/alibaba-bitcoin-2014-1
Related posts:
Common Core Exams: New York Schools Get an F
New Spying Apparatus Installed Throughout Downtown Seattle
Beyond Cash or Credit: Alternative small business payment solutions
Maryland Gov. O’Malley to sign marijuana decriminalization bill
New leak shows feds can access user accounts for Google, Facebook and more
The Real Reason for the Iraq War
The Canadian Border Fence Is the Climax of Isolationism
Missouri woman faces jail for recycling tires into flower planters
Elon Musk Wins Suit Against Boeing Venture, On Basis Of Russia Sanctions
Taper Is Coming. Stock Market Rises.
What Gun Owners must learn from George Zimmerman
No Warrant Needed for Illinois Drug Wiretaps
‘There’s element of panic in US policy towards Edward Snowden’
The Murder of David Sal Silva
Shortages, warehouses and misinformation: Comex gold explained