Virtual Currency Sales is now allowed on eBay
To promote a trustworthy marketplace and ensure compliance with applicable regulations, eBay updated its Currency Policy in February. The updated policy clarifies that listings for Bitcoin and other similar virtual currencies must be listed in the Virtual Currency Category in the Classified Ad format. In terms of mining gear and mining contracts, those can be listed as auction or Buy It Now. eBay, & PayPal, has added a new Virtual Currency to their sales site, allowing users to sell virtual currency like bitcoin, as well as miners, and mining contracts. The category is sparsely populated right now and the listings are all classified ads, suggesting that eBay wants buyer and seller to hash out their sale outside of the company’s jurisdiction, thereby reducing risk of become liable for scams and fake sales. The company…

