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Announcement on Prohibition Against Selling Virtual Currency Miners

Dear members of Alibaba.com,

Pursuant to the Circular of the People's Bank of China, Ministry of Industry and Information Technology, China Banking Regulatory Commission, China Securities Regulatory Commission, and China Insurance Regulatory Commission on the Prevention of Risks from Bitcoin, Announcement of the People's Bank of China, the Office of the Central Leading Group for Cyberspace Affairs, the Ministry of Industry and Information Technology, the State Administration for Industry and Commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission on Preventing the Financing Risks of Initial Coin Offerings, and other relevant laws and regulations, after thorough evaluation, taking into account the instability of laws and regulations on virtual currencies and relevant products in various international markets, Alibaba.com will prohibit the sale of virtual currency miners in addition to the prohibition against selling virtual currencies such as Bitcoin, Litecoin, BeaoCoin, QuarkCoin, and Ethereum, which include but are not limited to:

1) Hardware and software used to obtain virtual currencies such as Bitcoin miners ;

2) Tutorials, strategies, and software for obtaining virtual currencies such as tutorials on mining. .

The following two categories will be closed:

Consumer Electronics > Blockchain Miners > Blockchain Miner Accessories

Consumer Electronics > Blockchain Miners > Blockchain Miners

 

 

This Announcement will be published on September 27, 2021 and take effect on October 8, 2021. The platform reminds members of compliance issues in listing products and handling transactions. Members have responsibility for complying with relevant laws and regulations applicable to any country of sale. We will keep track of policy changes in each country and adjust our control policies accordingly. For violations such as maliciously evading rules, deliberately confusing product information, intentionally placing products into improper categories, falsely exaggerating products, Alibaba.com will impose penalties according to the severity of the violations, which include but are not limited to removing or deleting products, deducting points, restricting the use of website functions, and closing accounts. If you have any questions, please consult our online customer service.

 

 For more information about the rules,pls refer to [Interpretation on Enforcement Actions for Displaying Prohibited and Controlled Items] Detailed Control Rules for Prohibitions Against Selling Virtual Currency Miners on Alibaba.com.

 

Thank you for your continued support and understanding.

 

Alibaba.com

September 27, 2021

 

 

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