BEIJING (Reuters) - China's biggest online marketplace, Alibaba Group Holding Ltd's Taobao, will ban the sale of bitcoins on the heels of a government crackdown against the virtual currency to plug a potential gap in its tight controls on capital flows. The move comes as Alibaba, China's biggest e-commerce company, seeks the smoothest of rides toward a giant initial public offering of stock expected later this year.
Similar Stories to China's Biggest E-commerce Company Is About To Ban Bitcoin on Bing News
Reuters, Business Insider
Wed, 01/08/2014 - 3:33am
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