The financial industry catalogs unfair and worrying the blockade of crypto-advertising by Google
As we know, Google has announced the measure that came into force as of this same June 1, 2018, which consists of an update of its advertising policies related to financial products, to prohibit any advertising on content related to cryptocurrencies, ICO, portfolios and even commercial advice.
Google announced:
"We do not have a crystal ball to know where the cryptocurrencies will take us in the future, but we have seen enough damage and even potential risks to the consumer, which is an area that we want to address with extreme caution"
The controversial measure was announced by the super giant of the Internet for the first time in the month of March, and on the contrary as expected it had no significant impact on the Bitcoin market, maintaining a new level of support at around US $ 7,500.
Moreover, this week, days before the update of its advertising policies, most of the major currencies have experienced a rise, mainly the BTC that has recovered some US $ 400 in two days, reaching about 7,750 USD.
Facebook, Twitter and therefore Instagram, have already applied the same prohibitions in the first months of the year, although the CEO of Twitter has mentioned that he predicts that Bitcoin will become a "global single currency" as soon as 2028 arrives.
As the policies within the big social networks and Google have been applied, the financial markets and the entire crypto-active ecosystem have openly criticized them for their decision to block all ads, while the aforementioned giants seek to implement the technology Blockchain within their companies.
"We suspect that the ban has been implemented to coincide with Google's plans to introduce its own cryptocurrency to the market, potentially in the near future. And thus eliminate the other announcements of cryptoactives that will be its competitors "announced Nunn. Who also expressed that "Facebook is moving its pieces to prepare the way to its own cryptocurrency"
The British bank Revolut would have completed a round of financing of 250 million dollars, reaching a valuation of US $ 1.7 billion, warned that the policy would not have worked in distinguishing companies with good intentions, with those that do not.
"Unfortunately, the fact that this ban is general will mean that legitimate cryptocurrency companies that seek to provide valuable services to users will be unjustly caught in the crossfire," said the head of mobile services at Banco Revolut.
And just like those many more statements, for whatever reason, the fact that these companies block all advertising cuts the possibility to possible companies with ideas that can really improve our day to day, because as we have seen these new policies do not They have affected big companies such as Bitcoin, but the most certain thing is that if it affects the dreamers looking for some type of financing.