According to te Dailymail news, Google has announced that it will ban cryptocurrency adverts in June 2018. The move comes just over a month after Facebook announced its own ban on cryptocurrency adverts, in an effort to tackle scams.
In a blog post, Scott Spencer, Google’s Director of Sustainable Ads wrote: ‘We updated several policies to address ads in unregulated or speculative financial products like binary options, cryptocurrency, foreign exchange markets and contracts for difference (or CFDs).’
It is a question that is it going to be good for cyrptocurrency business in terms of clearing the internet ads to decrease fake alerts, news, accounts or is it going to be bad in terms of having an attitude against cyrptocurrency business by Google.
Crypto is a fiat currency and not money. Money has intrinsic value. Lots of people think that Federal Reserve Notes is money. It is not money, but a fiat currency. Understand that when the Federal Reserve goes out of business its currency will have no value. May it happen soon and we go back on the gold standard.
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Yes that might be right. However since it is not coordinated by any country and still it is a random bussiness market, it might be difficult to have no value. There are still major money in cryptocurrency that people hold. Moreover, if people insist on keeping these values, it may be accepted from many countries as a money. Time will show what is going to be happen :)
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You are right that that the people may insist. Sadly crypto currency will always be a fiat currency which has a future value of 0. Right now it has value and can be used to create value. It may even force governments around the world to go back to the gold standard. May it be so!
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