Alibaba to ban sale of cryptocurrency mining equipment from next month

Alibaba said on Monday it will stop selling cryptocurrency mining equipment on its platform starting October 8, according to an official announcement.

Alibaba said in the notice that after a thorough evaluation, in addition to banning the sale of virtual currencies, Alibaba will also ban the sale of virtual currency mining machines. This includes but is not limited to: 1. Hardware and software used to obtain virtual currencies, such as Bitcoin mining machines; 2. Tutorials, strategies and software used to obtain virtual currencies, such as mining tutorials. Alibaba also stated that it will close two sales categories related to mining.