Bitcoin is encircled and suppressed by multinational regulators

On the evening of September 27, Alibaba International Station officially released the “Announcement on Prohibition of the Sale of Virtual Currency Mining Machine Products”.

The announcement stated that in accordance with relevant laws and regulations, as well as the instability of laws and regulations on virtual currencies and virtual currency-related products in various international markets.

Based on the evaluation of the platform, the platform will prohibit merchants from selling virtual currency mining products on the basis of banning the sale of virtual currencies such as Bitcoin, Litecoin, Biot, Quark, and Ethereum.

According to China’s policy requirements, the sale of virtual currency mining products is prohibited. The products that are currently on the shelves can still be traded, but the new products are no longer available and will be completely banned on October 8.

At the same time as domestic regulation is tightening, the international market’s attitude towards cryptocurrency is becoming more and more tough. As of press time, the price of Bitcoin was US$41,947.21, a decrease of 3.15% within 24 hours; the price of Ethereum was US$2,898.62, a decrease of 5.49% within 24 hours.

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