Alibaba to Stop Selling Crypto Mining Machines

The company said it was following Friday’s PBoC guidelines, but also taking note of global crypto regulation instability.

AccessTimeIconSep 28, 2021 at 4:09 p.m. UTC
Updated May 11, 2023 at 7:05 p.m. UTC
Drive the Crypto Policy Conversation Forward
October 24, 2023 • Convene • Washington D.C.Where the industry establishes the digital economy’s legal, regulatory and compliance best practices for the future.Register Now

E-commerce giant Alibaba will stop selling specialized mining equipment on its platforms on Oct. 8.

  • Alibaba said Monday its decision was in response to the latest People’s Bank of China policy circular on crypto trading as well as a 2017 circular. The notice, signed by some of China’s top financial regulators and published on Friday, banned all crypto trading-related activities in the country.
  • But the company said it is also taking into account the “instability of laws and regulations” on crypto around the world.
  • Alibaba will shut down two categories: “Blockchain Miner Accessories” and “Blockchain Miners.”
  • The e-commerce giant said that in addition to a ban on mining rigs and related accessories, it is also pursuing a prohibition on the sale of cryptocurrencies including bitcoin, litecoin, beaocoin, quarkcoin, and ether.
  • Any merchants that list such products on its platforms after Oct. 15 will face penalties.
  • Alibaba operates several platforms in China, including Taobao and used goods marketplace Xianyu. But it is also the group behind international online shopping platforms including Aliexpress and Southeast Asia’s Lazada.
  • China’s crackdown on crypto mining and trading started in May after a State Council statement, but it was mostly left up to provincial and city authorities, with no publicly available comprehensive policy plan. Friday’s policy guidelines leave no room for interpretation, outlawing all crypto transactions and clarifying that mining is to be eliminated.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Eliza Gkritsi

Eliza Gkritsi was CoinDesk's AI/crypto reporter.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.