Cryptocurrency market has been going through very painful periods for the last two weeks. After the Central Bank of China announced that it banned all crypto money transactions and that those who ignore the ban would be punished, there was an unprecedented decline in all cryptocurrencies, Bitcoin even saw below $ 40 thousand. The Chinese government, which has been against cryptocurrencies for a long time, has previously announced that it has banned mining.
Another blow to the crypto exchange, which suffered blow after blow, came from e-commerce giant Alibaba. Alibaba shared a statement that will upset cryptocurrency miners.
Stopping the sale of all crypto mining equipment:
China-based e-commerce company Alibaba has announced that it will stop selling all crypto mining devices and equipment from October 8.
Alibaba made the decision “Alibaba. com has banned the sale of hardware used for crypto mining, following an assessment of digital currencies and related products in various international markets, taking into account the instability of laws and regulations. ” he announced.
In addition, Alibaba announced that two other mining-related sales categories will also be closed.
Bad news comes from Chinese companies after China’s decision:
Alibaba is not the only company making decisions in this direction regarding crypto. After China’s recent crackdown on crypto, some large companies have begun making similar decisions to comply with laws and new regulations.
Upon this decision of China, Huobi Global, the largest cryptocurrency exchange in China, announced that all accounts of Chinese users will be closed gradually by the end of this year. With this statement, Huobi’s token HT, which saw its highest level in May and worth $ 40, fell to the levels of $ 5.85.
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