Summary: Chinese e-commerce giant Alibaba announced on Monday that from October 8th, it will stop selling cryptocurrency mining equipment on its platform.  The notice said: "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 ...

Chinese e-commerce giant Alibaba announced on Monday that from October 8th, it will stop selling cryptocurrency mining equipment on its platform. 

The notice said: "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."

China's latest regulatory actions on crypto have caused the transfer of miners and exchanges. Huobi, one of China's largest cryptocurrency exchanges, announced over the weekend that it will no longer provide services to users in mainland China.

By Mary Liu