Post
Topic
Board Bitcoin Discussion
Re: Chinese "Ebay" Bans listing of Cryptocurrency and Blockchain Related Services
by
ATN.io
on 17/04/2018, 07:32:16 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...

The only thing I can think of is the issue of blurred lines or ambiguous services that might be pretending to just be blockchain related, but are in fact related to ICOs/token/crypto, so instead of sorting through them they have just banned it all together. Who knows. Taobao does have a lot of sketchy stuff on it though, to be fair.