The decision by Facebook to ban advertising of cryptocurrency projects last month, apparently, was not an internal decision of the company, as occurred with the filing of the FBI and other regulatory authorities, which now have the same pressure on Google.
Jason Roy, senior investigator of the securities Commission of Manitoba and chair of the working group on binary options Canada, stated that:
It so happened that the working group on binary options Canada, as well as the FBI told Facebook that they concern, the fact that as a result of this advertising, people can get hurt.
We had a similar conversation with representatives of Google and their anticipated such actions.
Pressure on Facebook lasted for several months. Apparently, during all this time continuing the pressure on Google.
Roy commented on the desire of the FBI to ban advertising ICO and cryptocurrency projects, despite the fact that among them there are many very serious projects:
Around ICO projects have risen so much hype that people just have to be money there without worrying about how to somehow test them or to protect their investments.
It is obvious that Facebook chose to follow “the advice” of the FBI and to stop advertising the ICO and cryptocurrency projects, although their legal status remains largely uncertain. Will Google succumb to the pressure remains to be seen.