Global groups to sue Google, Facebook, others over advertising ban on cryptocurrency
Following recent public notices from internet giants Google, Twitter Facebook and Yandex that they were banning ads on cryptocurrency on their platforms, groups of crypto enthusiasts, the Russian Association of Crypto-Currency and Block-Finish (RACIB) and industry associations in Korea and China plan to sue the quartets of Google, Twitter Facebook and Yandex.
This is according to RACIB head Yuri Pripachkin who broke the news of the impeding lawsuit to the Blockchain RF-2018 congress.
Read more about the story here
Well, this is a fantastic move. Such blanket ban on ads probably because they feel threatened by the rise of global appetite for crypto is unfair indiscriminate practice. And then, it seems as if it was a concerted and orchestrated plan! Or isn't it suspicious that they (the four platforms) broke the news of the ban almost one after the other?
Watch out on this space for update on the lawsuit and other breaking global news on cryptocurrency!
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This is serious,what could be their grievances.well I am certain cryptocurrency is a threat to them all.
They complained about some people taking advantage of crypto to perpetuate fraud and stuffs like that. While that might be true, it might not be enough reason for such a blanket ban of crypto.
This ban hurts legitimate crypt business owners. And that can be a good case in court.
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I think underneath that is the fact that crypto-based social media platforms are beginning to emerge as credible threats to mainstream social media platforms like Facebook, Twitter etc.