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Bitcoin ban


Alibaba's Taobao to ban sale of Bitcoin, related products following stricter rules from country's central bank

As China's central bank makes regulations regarding digital currencies stricter, Alibaba Group Holding will be banning the sale of Bitcoin and other related products, Bloomberg reported.

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Bitcoins no longer accepted on Baidu

After the government announced a ban on the use of Bitcoin for financial institutions, China's biggest search engine Baidu Inc announced that it would no longer be accepting the digital currency as payment.

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