Canadian regulators hope Google ban ICO and encrypted currency ads

nRunaway Comment: A Canadian regulator recently said they want Google to ban advertising like Facebook, cryptocurrencies, ICOs and binary options. In fact, regulators in many countries are still skeptical and opposed to the cryptocurrency, believing that the series of activities triggered by the new thing are suspected of fraud and cause serious losses to citizens, so the opinion of the supervisor is not surprising . And, based on past experience, Google is likely to consider implementing such a ban.n
nTranslation: Inan
When the government meets new things, our first reaction is usually that the government will immediately order a ban on them. Obviously, most governments do not welcome cryptocurrencies. Some governments are seeking some form of regulation, while others are looking for more stringent measures. Jason Roy, a senior investigator with the Manitoba Securities Commission in Canada, is asking Google to follow Facebook and ban ads on cryptocurrencies, ICOs and binary options.n

Jason Roy is very satisfied with Facebook’s decision to ban encryption currency and ICO ads. He pointed out that the FBI and the Canadian Binary Options Working Group have made great efforts to persuade Facebook to implement such a ban. Roy said:n
n”We are very pleased with Facebook’s decision and I want Google to set a similar policy, especially for products such as binary options, ICOs and cryptocurrencies.”n
nHowever, Google said they have taken measures to ban misleading advertising and fake ads. However, Roy and other regulators point out that people using Google search can easily find ads in a variety of cryptocurrency-related businesses. In their view, any ads related to cryptocurrencies are trying to deceive those who do not know the truth.n
Roy and other regulators also pay particular attention to the existence of binary options. In fact, there is fraud in this sector, and Israel and some other countries have completely banned it.n
When Roy saw encrypted currency ads circulating on the Internet, he felt an ominous pattern had emerged. He said:n
n”Previous binary options companies have started offering cryptocurrencies, which are basically upgraded binary options scams, so there are unregistered and fraudulent ICOs, followed by cryptocurrencies, Ponzi schemes, or multi-level network marketing programs “n
nRoy said the outbreak of the cryptocurrency market is puzzling. He said:n
n”I think everyone is trying to figure out what’s going on and there are many kinds of ICOs, new tokens, and other crazy products that we see have raised a lot of money, but in some cases they do not have any Things support, but people are excited to vote for these activities. “n
nBut Google has a financial incentive that it will not ban all encrypted currency ads. One pay-per-click advertising specialist told The Israeli Times that Facebook accounts for 15-20% of the company’s pay-per-click advertising budget, while Google is the biggest recipient of encrypted currency ads.n

The expert said cheaters are willing to pay high advertising costs to keep their ads on top of any search. Because, compared with this cost, they fool more money. For these crooks, this has become a way to make money.n
Google denied this trick of cheating would be useful. It is noteworthy that regulators and experts did not indicate how much profit Google can make with encrypted currency ads. This figure may not be small, but Google’s total revenue should be only a small part.n
In general, regulators seem to have seen only the bad side of watching cryptocurrencies. In the light of past examples, I think it is not surprising that Google banned these ads as required by regulatory agencies.n

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