Almost every day there is information about a ban on advertising of cryptocurrencies and ICOs by another serious company. So far, everything was limited only to indignation and disturbances in the crypto community, but now the situation has changed.
Just a couple of weeks ago, the network laughed at the decision of one of the Russian crypto-entrepreneurs to sue Google, but, as the current situation shows, it’s not funny to anyone anymore. Cryptocurrency organizations decided to go on the offensive.
RACIB President Yuri Pripachkin said that cryptocurrency associations of China, Korea and Russia will sue the search engines Google and Yandex, and the social networks Facebook and Twitter, which have banned advertising of digital currencies. They plan to file the lawsuit in an American court in May. It is noteworthy that the lawsuit will affect not only the companies, but also their shareholders who have crypto wallets.
“The simultaneous ban on cryptocurrency advertising by giant companies is nothing more than a conspiracy to control and manipulate the crypto market,” Pripachkin said at the Russian forum “Blockchain-2018.”
A new organization will be created specifically in order to develop a collective “international” lawsuit under the name Eurasian Association of Cryptocurrency and Blockchain. It will include: RACIB, the Korea Venture Business Associations and the Chinese association of crypto investors LBTC. All financial expenses associated with the trial will be covered by a special cryptocurrency fund under the Association.
Recall that the Internet giants Google, Yandex, Facebook and Twitter took turns introducing a ban on advertising digital currencies, blockchain and everything connected with them, enough quickly - within a month and a half. And this gives every reason to suspect them of conspiring to manipulate the crypto market. It’s no secret that among the CEOs and shareholders of these companies there are many who hold cryptocurrency in their wallets.
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