Post
Topic
Board Bitcoin Discussion
Re: Chinese "Ebay" Bans listing of Cryptocurrency and Blockchain Related Services
by
ETHtotheMOON1
on 17/04/2018, 06:53:16 UTC
We are talking about China, so this could just fall under: nothing to see here.

However, what I find odd about this is that Taobao (also known as the Chinese "Ebay"), a subsidiary of Alibaba, is banning the listing of any services related to blockchain (not just cryptocurrency and ICOs), when China seems to be one of the major advocates of blockchain right now. Heck, Alibaba has even paired with other large companies to start a blockchain academy: https://www.forbes.com/sites/baymclaughlin/2018/02/08/this-week-in-china-tech-xiaomis-460-investments-tencents-gamble-and-a-new-blockchain-academy/#32e4f0af12d3.


You can read the full article here: https://futureblock.io/2018/04/15/alibaba-subsidiary-taobao-bans-listing-of-cryptocurrency-and-ico-services/




I'm pretty confused what is the reason for this. Supporting blockchain on one hand and banning them on the other hand, well I guess only time will tell what their real attitude is...