eBay has quietly opened a virtual currency section (I can only find it by typing eBay+Virtual currency), allowing eBay users to sell their virtual currency like bitcoin. This section is divided into three smaller sections: Mining contracts, miners, and currency. They only allowed crypto-currency like bitcoin, litecoin and dogecoin to be listed in the Virtual Currency Category in the Classified Ad format.
An eBay UK merchants share an email by eBay on Reddit about the company plans to open a "Virtual Currency" category for the sale of Bitcoin and other digital currencies.
"Please know that per our recent policy update, Virtual Currency (i.e. Bitcoin and Litecoin), whether digitally or physically delivered, cannot be listed in Auction-style or Buy-It-Now listing formats. eBay is opening a Virtual Currency category to allow the sale of virtual currency in Classified Ads format on February 10, 2014. We request that you do not list these items until that date. Please be informed that repeated breach of the policy may further jeopardize your account status. To avoid any inconvenience in future, we'd appreciated it if you go through our help pages or contact us before listing any such items."
eBay also updated their Stamps, currency, and coins policy to reflect this change:
"Virtual currency must be listed in the Classified Ad format in the Coins & Paper Money > Virtual Currency category. These requirements apply regardless of whether the virtual currency is digitally or physically delivered. Examples of items subject to this policy include Bitcoins, Litecoins and other similar cryptocurrencies."
When I check eBay Malaysia, I cannot find virtual currency section. Look like the new section is only for eBay US and eBay UK.
On 2 January 2014, Bank Negara Malaysia (BNM) release a press statement warning Malaysian that digital currency is not legal tender in Malaysia.
On 2 January 2014, Bank Negara Malaysia (BNM) release a press statement warning Malaysian that digital currency is not legal tender in Malaysia.
However, Numoni Pte Ltd has launched Bitcoin auto vending machines (AVM) at Bangsar, Kuala Lumpur and Gurney Plaza, Penang, last month.
I have been monitoring news about bitcoin since 2012 and I still don't see how bitcoin can replace real currency 100%. I don't have anything against crypto-currency but the only thing I can see now that they have the potential to be used as a scam and money laundering platform.
Will you buy any virtual currency via eBay?
