Alibaba Subsidiary ‘Taobao’ Bans Sale of ICO-Related Services

[kreslik.news]

China-based online marketplace Taobao, a subsidiary of Alibaba, has announced that it will be banning the sale of any ICO-related services from its platform effective on April 17, 2018.

The new restrictions are an additional measure to Taobao’s previous cryptocurrency-related ban, which halted the sale of products and services related more generally to cryptocurrency (ie Bitcoin mining machines and mining tutorials.) Stores who continue to offer ICO and crypto-related services will be punished based on a points system.

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