People can buy almost anything on China's largest e-commerce site Alibaba. They can snap up pirate themed shower curtains, weight loss slippers, and even bags of cement. But one thing they won't be able to buy are Bitcoins.
Alibaba Group announced on Wednesday that the sale of Bitcoins on its Web site will be banned starting on January 14, according to The New York Times. While the majority of site's sales are made via Taobao's Alipay system, a handful of merchants accept Bitcoin payments or sell the digital currency.
"In the interest of consumer protection, … Read more