Re: Chinese "Ebay" Bans listing of Cryptocurrency and Blockchain Related Services

Quote from: ATN.io on April 17, 2018, 06:45:42 AM

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 think this just plays to the regulations and new laws of China with regards to their banning of bitcoin on the state of their country. Its natural that they would have services like this also ban or be configured to automatically know keywords such as those listed in above to not show in their network. Though this might sound as a very alarming and negative news, I still believe that someday China can be able to turn around their ruling and provide a very haven for cryptocurrency