Amidst Rising Bitcoin Regulation Push, Google Bans Cryptocurrency Ads

[yaya91]

After opening at $9,144, Bitcoin price crashed by almost 5% today after Google announced to ban Bitcoin and other cryptocurrency adverts effective June 2018. Just yesterday, Christine Lagarde, International Monetary Fund’s head, said that regulatory authorities around the globe need to bring Bitcoin and cryptocurrencies in general under government control. The sentiment in favor of regulation of cryptocurrencies from government, technology giants and global organization has seen Bitcoin price to go down by a considerable margin in last few days.

https://www.interactivecrypto.com/amidst-rising-bitcoin-regulation-push-google-bans-cryptocurrency-ads?source=organic

[RogerKlotz]

ICOs are evil. But banning all crypto-related ads will lead to people being unaware of promising technologies.
I think it will blow away crypto-market capitalisation in short-term.

[SiDtHeBeSt]

Well, that is a pretty bad news for cryptocurrencies. It might surely affect the value temporarily but a lot of people already know about bitcoins, so it won't be much of a problem for btc. As for the upcoming ICOs this might be a very bad news as they might fail because of this. A lot of people would've been getting to know about new ICOs through google ads.

[cryptojohnstone]

Google go handbag in hand with the banks thus trying to derail CryptoCurrencies road map.