Alibaba Group Refutes Information about the Launch of Their Mining Platform

The local media has recently reported that chinese digital commerce behemoth Alibaba unexpectedly launched a platform hosting virtual currency mining.

This news has really thrilled the country, as, according to recently revealed information, Chinese government orders local authorities to kick cryptocurrency miners out of the country, limiting the use of electricity along with restrictions on land use, taxing, as well as different environmental protection measures.

However, local chinese media has then reported Alibaba has made a statement that denies all rumours related to the launch of their mining platform.

“We reiterate that Alibaba Cloud will never issue any virtual currency such as bitcoin nor provide any so-called “mining platform”.

At the same time, the company stressed that it is ready to sue all those media resources that are spreading false information.

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