After Facebook, Will Global Ad Regulators Reject ICOs?

in #cryptos6 years ago

image
While crypto startups and ICO issuers worry about social media platforms cutting their ads, they could be missing an even more intimidating threat - regulators.

Crypto entrepreneurs reeled late last month after Facebook announced it would be banning "misleading or deceptive" ads about financial products and services, including bitcoin and ICOs. These stakeholders saw a crucial advertising avenue dry up, but according to some, the drought isn't over yet.

"The regulators will look at advertisements put out by the company. That's always something they're going to look at," said Johanna R. Collins-Wood, an associate at Pepper Hamilton and member of the law firm's blockchain group.

Others agreed and voiced concern about the industry where you never have to look too far to find suspect advertisements.

Indeed, crypto advertising is a immensely popular Wild West of sorts, where all token sales, legitimate or otherwise, are all vying for attention. And all the issuers and entrepreneurs in the space are still grappling with just what kinds of claims they can make in their marketing.

If the industry doesn't police itself, regulators are sure to come knocking.

Pls upvote and resteem and follow me

Sort:  

Hola @haylyjah, upv0t3
Este es un servicio gratuito para nuevos usuarios de steemit, para apoyarlos y motivarlos a seguir generando contenido de valor para la comunidad.
<3 Este es un corazón, o un helado, tu eliges .

: )


N0. R4ND0M:
7899 6029 6261 5881
6811 6362 1135 8933
1186 2040 8523 3034
9880 8801 9079 4570

Coin Marketplace

STEEM 0.28
TRX 0.13
JST 0.032
BTC 61146.27
ETH 2924.49
USDT 1.00
SBD 3.58