Connect with us


Ban on ICO related advertisements on Google!

Santhosh M



Ban on ICO advertisements on Google!
Source: Pixabay

According to recent anecdotal reports of several companies working in Initial Coin Offering [ICO] industry, Google is taking initiatives to restrict the visibility of ICO advertisements on its platform. The necessary steps are being taken towards this.

This motive of Google has come as no surprise after Facebook recently banned advertisements related to cryptocurrencies and blockchain on its platform. Although, there is no official notice from Google clearing the air on the topic. The expectation rose after the companies that are running Adwords received warning reports for ICO-related Adword Campaigns.

Several companies running Google Adword campaigns related to ICOs have faced significant performance drop. 99% reduction in clicks have been reported over the course of two days. At the same time, the company started to receive limited approval for their campaigns from Google. In addition to this, some campaigns have already been suspended.

This became clear when Jason Roy, a senior investigator at the Manitoba Securities Commission and Chairman of Canada’s Binary Option Task Force, openly praised Facebook’s decision on banning advertisements related to cryptocurrency on its platform and indicated the fact that they have requested Google to adopt a similar policy.

Jason Roy comments:

“My hope is that Google will enact a similar policy, where they specifically name products like binary options, ICOs, and cryptocurrencies.”

There has been raise in the number of different ICOs and the new token offerings over the past year.

Mr. Roy also added to his comments:

“There’s just been an explosion of different ICOs and new tokens and crazy offerings. You’re seeing ICOs that are raising large amounts of money and there’s nothing behind them in certain cases, but members of the public are so hyped they’re throwing money at them”

Roy gave a detailed explanation of how Canada’s Binary Options Task Force and FBI explained to Facebook the scenario where innocent people become victims of the advertisements of ICOs on the hugely followed Facebook platform.

The authorities are waiting for the response from world’s largest platform for Internet users, Google. Canada authorities hope that Google does enact a similar policy where a product specification is enacted to classify products as Binary options, ICO, and cryptocurrencies.

Subscribe to AMBCrypto’s Newsletter

Follow us on Telegram | Twitter | Facebook

Santhosh is a full-time reporter at AMBCrypto. He is an engineer with a major in Mathematics and Computer Science. He developed a key interest in the blockchain space and has been studying and researching about it ever since. He is currently authoring a book on Blockchain and its use cases in the Education domain. He currently does not hold any value in any cryptocurrency or its projects.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Cardano’s focus is on staying loyal to ecosystem’s scalability & interoperability, says Charles Hoskinson

Arijit Sarkar



Charles Hoskinson shares Cardano's vision to enable scalable and interoperable crypto ecosystem
Source: United States Air Force

As numerous developments continue to change the face of the cryptocurrency space, IOHK’s CEO Charles Hoskinson shared Cardano’s latest innovations in its ecosystem through another one of his AMA sessions. While the entrepreneur expanded on the expected launch of its Haskell and RUST testnets, the AMA was also focused on sharing his aggressive plan to enable Cardano’s smart contracting.

Hoskinson attributed the vision’s ultimate success to three main factors, which include ability to train new developers, the model itself and Cardano’s ability to interface with the broader functional programming community. He supported this idea by saying,

“This is a huge untapped community full of credentialed and qualified programmers. By interfacing our foundation with that community, we should be able to see a lot of really interesting DApps produced for Cardano rather quickly.”

Comparing Cardano’s credibility to the infamous JAVA platform, Hoskinson claims to have made 20 reiterations of the project “because programming language theorists are perfectionists and they really want to get this done right.”

While the Cardano team continues to work towards the deployment of Shelley and Marlowe on the testnet, Hoskinson also hinted at some incremental upgrades that will be expanded upon in the next AMA, as well as on the company’s official website. Out of the many iterations, Cardano’s primary focus will be to stay loyal to the ecosystem’s scalability and interoperability across other crypto-based ecosystems.

Hoskinson also mentioned that his past contributions to Ethereum helped his team explore the design space of the code, which ultimately helped them develop a seamless ecosystem focused on user experience and ease of use. He added,

“People want to keep regulators happy. That said, we will also begin exploring some privacy ideas and how we can also increase privacy on these transactions.”

In addition to backend development, it is also important to note that Cardano’s [ADA] crypto-adoption has allowed it to dethrone Tron [TRX] from the 11th position, with respect to market cap.

Subscribe to AMBCrypto’s Newsletter

Continue Reading