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Another Setback for Bitcoin in China: Alibaba Applies Ban

  • By Graham Buck
  • Published: 1/9/2014

Bitcoin has suffered a further setback as China’s internet retail giant Alibaba said it would impose a ban on its use. Taobao, Alibaba’s online shopping platform and China’s equivalent of Amazon, was ordered to shut down Bitcoin trading by the People’s Bank of China (PBOC) after a growi ...

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