The crypto-industry catalogs Google's ad policy as "unethical" and "worrisome"
The prohibition of cryptocurrencies by Google's technological giant began on June 1, as previously reported, the new ban eliminates all ads related to ICOs, cryptocurrencies, purses and exchanges. The option will only be available to regulated companies, according to Google in its official statement.
A bit confusing and even marked as "worrying" have been the words of the financial community involved in the world of cryptocurrencies. Since, Google had mentioned its interest in the Blockchain to implement audit systems, which opens a possible gap to create a cryptocurrency and with the aforementioned policies to block and / or minimize the competencies in the results, according to Phillip Nunn, CEO of the Manchester-based investment firm Blackmore Group, told The Independent.
Like Google, other companies such as Twitter, Facebook and recently Bing have announced their ban on ads related to cryptocurrencies on their platforms. This has caused an impact on the price not only of the Bitcoin but of all the Altcoins which we can see in the CoinMarketCap.
The community also reacts defensively to the decision of different CEOs, for example Jack Dorsey said that "Bitcoin will be the" single currency "of the world, says the CEO of Twitter" which we made known in an article, however the company that directs Dorsey has decided to "hinder" the growth of cryptocurrencies because at no time, since at no time regulate the ads, rather decided to prohibit everything related to cryptocurrencies.
On the other hand we have Mark Zuckerberg categorized as "infamous by the community" after the Cambridge scandal Facebook ensured that, the blocking of ICOs and cryptocurrency advertising is for "user safety" later it was announced that, David Marcus would leave the Messenger project to be incorporated into a Blockchain study project by Facebook.
Then came to light, the news that many had speculated, according to the digital media outlet Cheddar based in New York, Facebook would be working in a "discreet" in the creation of a new cryptocurrency for its platform.