A couple of days ago, the top management of Alphabet Inc. announced that Google would ban any ICO and cryptocurrency ad campaigns starting from June 2018. On top of that, they would toughen the requirements for advertising other risky financial products, including binary options.
This decision was made in response to the requests made by multiple financial regulators from all over the world. For instance, Japan advocates the idea of regulating cryptocurrencies globally (both mining and circulation). Tokyo, Berlin, Paris and others suggest discussing this global cryptocurrency regulation during the forthcoming G20 summit, which is scheduled for the next week in Argentina.
At the same time, some representatives of the European Central Bank say that cryptocurrencies are nothing but a miserable attempt to copy money. Almost nobody values their products and services in cryptocurrencies, which is why only a handful of people use cryptocurrencies to pay for products and services. At the same time, they claim that storing your savings in cryptocurrencies is like gambling in a casino.
Still some experts are skeptical about the regulation. They think it’s really difficult to implement this kind of regulation since it’s next to impossible to make everyone cooperate, especially as the info is really complex.
In the meantime, Bitcoin seems to have been failing to come up to expert expectations. According to CoinMarketCap, Bitcoin is currently trading somewhere around $7600 per 1BTC. The BTC market cap is
