Crypto Corner: Google to Ban Crypto Ads, Coinbase Continues Expansion and Wyoming Creates New Asset Class
Point Roberts, WA and Delta, BC - March 14, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news reports on what’s driving the cryptocurrency markets with today’s edition of Crypto Corner.
Crypto Corner - March 14, 2018
By Samuel Mowers at Investorideas.com
Google to Ban Crypto Ads, Coinbase Continues Expansion and Wyoming Creates New Asset Class
According to a recent post, Google will be banning "Cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice)" by June 2018.
In an interview with CNBC, Google's director of sustainable ads, Scott Spencer, said:
"We don't have a crystal ball to know where the future is going to go with cryptocurrencies, but we've seen enough consumer harm or potential for consumer harm that it's an area that we want to approach with extreme caution," Scott said.
Cryptocurrency exchange giant Coinbase has been granted an E-money license by the UK's Financial Conduct Authority, according to a blogpost yesterday by Coinbase UK CEO Zeeshan Feroz. Feroz explained the importance of this acquisition in the blogpost:
"The license will allow Coinbase to issue e-money and provide payment services in the UK. The license requires Coinbase's e-money operations to meet the strict rules enforced by the FCA and the Payment Services Directive. For our customers, this will ultimately help us deliver a better experience through new partnerships and an easier to use product."
"Our e-money license will extend beyond the UK to 23 countries within the EU. We believe that this is an important step towards our commitment to making cryptocurrency accessible to everyone."
In the U.S., the state of Wyoming cryptocurrency continues to enjoy increasing legitimacy thanks to legislators defining it as a new asset class "Utility Tokens", according to a Forbes article yesterday.
This comes after the State legislature passed House Bill 70 on March 6 and was signed into law on March 8. The law exempts "a person who develops, sells or facilitates the exchange of an open blockchain token" from "securities and money transmission laws".
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