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Alibaba stops sales of crypto mining equipment

The Chinese corporation Alibaba has announced that it will ban the sale of cryptocurrency mining equipment on its platform from October 8. The distribution of training materials and software will also be limited. Restrictions will affect all materials and equipment provided for mining bitcoins, ether, lightcoins and other cryptocurrencies. The company's decision is related to the government's policy aimed at banning digital currencies in China. The Chinese authorities believe that cryptocurrencies lead to financial risks in the economy....

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