The decision of Google and Facebook on the complete ban of cryptocurrency advertising can be explained by the plans of companies to launch their own digital currencies. In addition, this step was unethical. Google and Facebook have already shown interest to cryptocurrencies and blockchain technology. This suggests that the ban on advertising is motivated not only by the desire to resist crime, some analysts are convinced.
“I understand that Facebook and Google are under great pressure in the context of content regulation, but they continue advertising gambling sites and other unethical things. I suspect that the real reason for the ban could be plans to create its own digital currency”said Philip Nunn, general director of Manchester investment firm Blackmore Group.
In March, the Google spokesman declined to comment the ban and speculation around plans for crypto and lock-up, but noted that the company was studying the technology.
“Employees of our projects are studying the potential use of blockage and many other new technologies, but it is too early for us to speculate about any plans for its application,” he stressed.
In May, the former head of Facebook Messenger, David Marcus announced that he will lead the group on the investigation of the detachment, which will report directly to the company’s technical director Mike Schrepfer.
As previously reported, the founder of Ethereum Vitalik Buterin asked his followers on Twitter whether he should stop working on Ethereum and go to Google, as soon as the “against” votes reached 59%, the tweet was deleted.