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".
Get the Crypto Corner News by email Get Crypto Corner News
Crypto Corner Sponsors:
Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations. https://www.fliptopay.com/
Blockchain and Crypto Stock GoverMedia Plus Canada Corp. (CSE: MPLS). GoverMedia Plus Canada Corp. is a Canadian holding company with a fully owned Russian technology subsidiary. GoverMedia has developed a fully operational state of the art internet platform offering all inclusive online services such as, e-commerce, social media, multimedia, corporate auctions, corporate database, messaging platform, crowdfunding, cryptocurrency and blockchain services. We believe the GoverMedia platform is the first and only internet platform offering such a wide range of online services accessible via only one account. The Company's management and advisors have extensive expertise in the Telecommunications, High-Technology, Corporate Development and Finance fields. www.gm.plus and www.govermedia.plus.
Investorideas.com is a leader in Blockchain content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com
View our growing Bitcoin, Blockchain and Digital Currency Stocks Directory
Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: this newsletter is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and GoverMedia Plus Canada Corp. (CSE: MPLS). More info: http://www.investorideas.com/About/News/Clientspecifics.asp
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.