eBay UK to start allowing sale of Bitcoins on February 10- report

January 21
4:13 AM 2014

Despite the warning coming from government regulators concerning the Bitcoin, it would seem that e-commerce firm eBay is a believer in digital currencies. The e-commerce giant will soon permit the sale of the digital money on its UK site, CNET reported.

The report also featured the tweet of PayPal President David Marcus last week which went like this, "To clarify: we have no policies against using PayPal to sell Bitcoin mining rigs. We don't support any currency txn whether fiat or BTC... for a host of regulatory issues. But we treat BTC and any FX txn the same way. We're believers in BTC though." PayPal is the payment platform of eBay.

Just two days after that, a merchant received an email from eBay which stated that the company intends to set up a category for "Virtual Currency" where Bitcoin and other virtual currencies can be sold beginning on February 10.

That email, which was published on Reddit, said, "Please know that per our recent policy update, Virtual Currency (i.e. Bitcoin and Litecoin), whether digitally or physically delivered, cannot be listed in Auction-style or Buy-It-Now listing formats. eBay is opening a Virtual Currency category to allow the sale of virtual currency in Classified Ads format on February 10, 2014. We request that you do not list these items until that date. Please be informed that repeated breach of the policy may further jeopardize your account status. To avoid any inconvenience in future, we'd appreciated it if you go through our help pages or contact us before listing any such items."

While sale of the virtual currency would be permitted on eBay UK, it is not yet certain if the company will also be implemented in other countries spanned by eBay operations, the report said.

Although eBay seems to be relaxing its stance on digital money, sale of the Bitcoin was banned from Alibaba, the biggest e-commerce site in China, the report said.

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