Taobao Removes ICO White Paper Writing Service Amid Tightened Regulation On Cryptocurrency

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Alibaba’s e-commerce platform Taobao has removed all whitepaper writing services for initial coin offering (ICO) projects, following Google and Facebook’s recent ban on advertising for bitcoin and other cryptocurrencies.
The move comes as Chinese regulators appear ready to further clamp down on illegal activities in the cryptocurrency space. “Taobao manages its products based on rules published by the People’s Bank of China and seven other ministries. Taobao also monitors activities that v…

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