Hey all Taobao users! China has announced new regulations this week targeting online payment service providers and, according to Stan Abrams at Forbes, you shouldn’t characterize this as just another Net regulation. “It isn’t. This is a rule designed to bring online ment services into the banking regulatory framework, where it rightly belongs.” Not sure what that means? Luckily, Forbes has published a handy guide explaining exactly how this could affect you – especially if you do business on everybody’s favorite internet auction site.