08 Jan '14, 6am

China’s largest online shopping site bans Bitcoin trading and sales of all related products

Bitcoin appears to be coming up against increased opposition in China. The latest setback has seen China’s largest e-commerce site Taobao banning the trading of Bitcoin and sales of all related products, in particular mining hardware and software, saying that China’s central bank has “explicitly required third-party agencies to close trading channels for Bitcoin and other digital currencies such as Litecoin.” The rules on Taobao take effect from January 14. In early December , China’s central bank spoke up against Bitcoin, saying that banks and other financial institutions are not allowed to handle transactions made with the digital currency. However, it gave the green light for individuals to use Bitcoin online — at their own risk. Subsequently though, a series of incidents in the country culminated in BTC China stopping deposits in Renminbi , China’s currency – following...

Full article: http://thenextweb.com/asia/2014/01/08/chinas-largest-onli...

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China’s largest online shopping site bans Bitco...

thenextweb.com 08 Jan '14, 6am

Bitcoin appears to be coming up against increased opposition in China. The latest setback has seen China’s largest e-comme...

China’s top e-store bans trading of Bitcoin and sales of Bitcoin mining kit: Taobao, China’s biggest online ma...

China’s top e-store bans trading of Bitcoin and...

techinasia.com 08 Jan '14, 4am

But Taobao’s impending ban is puzzling. While China’s Central Bank has decreed that Bitcoin and any other virtual currency...

China's Biggest E-Commerce Company Is About To Ban Bitcoin

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businessinsider.com 08 Jan '14, 10am

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