THELOGICALINDIAN - Googles accommodation to ban all bitcoin and cryptocurrency adverts on its platforms isnt activity bottomward able-bodied with cryptocurrency and blockchain technology proponents with some assertive that there is added to the accommodation than meets the eye
In March 2018, Google issued a statement announcement that cryptocurrency-focused promotional agreeable would no best be accustomed on all of its platforms. According to the statement, the ban covers adverts for ICOs, barter platforms, wallet services, etc.
For stakeholders like Phillip Nunn — CEO of Blackmore Group, a cryptocurrency advance close — the ban has a cast of affectation about it. Speaking to The Independent, Nunn said:
Google’s ban follows agnate prohibitions by both Facebook and Twitter.
Nunn additionally believes that there may be a added base acumen abaft the ban.
Just like Facebook, Google is additionally reportedly researching blockchain-based solutions for its business, and the accepted ban may be an attack to bright the arena acreage in alertness for its access into the industry — at least, that what Nunn seems to think. He stated:
The abundantly able attributes of the cryptocurrency industry provides opportunities for fraudsters attractive to accumulation with busy scams.
The U.S. Securities and Exchange Commission has been aggravating to sanitize the ICO space and alike auspiciously indicted a few projects’ founders with fraud. With this in mind, banning such adverts ability assume justified, at atomic for the account of attention investors.
However, the attributes of the ban puts a spanner in the works of accepted players in the amplitude — a point which Ed Cooper of agenda cyberbanking startup Revolut summed up by stating:
Cooper additionally acclaimed that scams aren’t the absolute bottle of the cryptocurrency market. There are apocryphal advertisements in around every market, but Google hasn’t banned product/service ads from those markets. Google should be able of engineering a added targeted clarification algorithm that can abate the attendance of betray ads online.
Do you accede with the angle that Google’s absolute ban is bent and unfair? Can this latest ban be the agitator for actively because blockchain-based chase engines? Let us apperceive your angle in the animadversion area below.
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