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Google just banned cryptocurrency and ICO ads, a move that follows Facebook decision to do the same. The language is stark: you are no longer allowed to advertise “Cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice).”
This is good news.
Wild - West - Things - Ways - First
In the Wild West of crypto things can head in one of two ways. First, the industry can ignore rationality and decorum and pump and dump ICOs all day long until the SEC, the FBI, and European authorities shut down every single one. Or, if the industry takes the slow and steady route, builds self-regulatory bodies, and avoids scammy pump-and-dump tactics then perhaps the industry can grow into maturity.
Currently the methods for token sale marketing are ridiculous. Most recently I spotted a token advertisement that featured a scantily clad young lady in a compromising position – all in an effort to see financial instruments. Further, “crypto geniuses” like James Altucher have polluted all of our feeds for the past few months with strange claims and spurious product offerings. Enough...
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