Canadian Regulators Call on Google to Ban Ads for Crypto

The chairman of Canada’s Binary Option Task Force, Jason Roy, inspired by Facebook policy, wants Google to ban ads for cryptocurrencies and ICOs  
07 February 2018   950

Canadian regulators are very pleased with Facebook’s decision to ban ads for crypto and ICO’s. According to Jason Roy, the regulators have already contacted Google representatives to establish a procedure.

The reason is that ads of these types can make people victims of fraud due to increasing numbers of different ICOs and new cryptocurrencies, appearing  on the market. Sometimes people stumble across ICOs which are raising large amounts of money, but have nothing behind them.

Jason Roy believes that Google should enact a similar policy as Facebook did, and ban ads for binary options, ICOs and cryptocurrencies, claiming that such ads are “frequently associated with misleading or deceptive promotional practices”.

Unfortunately, there are some companies who are advertising binary options, ICOs  and cryptocurrencies, that are not currently operating in good faith. The Facebook’s position is to help people to continue to discover and learn about new products and services through Facebook ads without fear of scams.

The Google’s spokeswoman Roni Levin stated that Google already bans misleading ads across all categories.

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   189

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.