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Alibaba Division Bans Bitcoin Trading After China Crackdown as IPO Looms

China's biggest online marketplace, Alibaba's Taobao, will ban the sale of bitcoins on the heels of a government crackdown against the virtual currency aimed at plugging a potential gap in the country’s tight controls on capital flows. The move comes as Alibaba, China's biggest e-commerce company, seeks the smoothest of rides toward a giant initial public offering (IPO) of stock expected later this year. In a statement posted on its website late on Tuesday, Taobao said...

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