Alibaba unit to ban bitcoins

Not wanting to ruffle any of Beijing's feathers as it moves towards an IPO, Alibaba's (ABABA) Taobao will ban the sale of bitcoins (BITCN), effective January 14.

The Chinese government, of course, cracked down on the virtual currency about one month ago, with the PBOC barring financial institutions from handling bitcoin transactions.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs