Published On: Tue, Feb 6th, 2018

Canadian Regulator Wants Google to Ban ICO and Cryptocurrency Ads

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A Canadian regulator wants Google to follow Facebook by banning cryptocurrency ads, as well as ads for ICOs and binary options.
If there’s one reflex you can automatically assume from a government entity when confronted with something new, it’s the instant urge to ban. It’s blatantly obvious that most governments are not fans of cryptocurrencies. While some are looking to enact some form of regulation, others are looking to more stringent means. A senior investigator with the Manitoba Securities Commission in Canada, Jason Roy, is asking Google to follow in Facebook’s steps and ban cryptocurrency ads, as well as advertising for ICOs and binary options.

When in Doubt, Ban!
Jason Roy is tickled pink with the decision by Facebook to ban ads for cryptocurrencies and ICOs. He notes that the FBI and Canada’s Binary Options Task Force lobbied Facebook hard to enact a ban. Roy gloats:
We’re very pleased with Facebook’s decision. My hope is that Google will enact a similar policy, where they specifically name products like binary options, ICOs and cryptocurrencies.
However, Google says that they already have a ban in place that they …

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