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   1362

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.

tZERO to Launch Bitcoin Trading App

Application itself is being developed by Bitsy; it may also begin to support Ethereum in the future
22 March 2019   125

The security tokens platform tZERO announced plans to launch a mobile application for buying and selling bitcoin. In the future, the application may also begin to support Ethereum,  CoinDesk reports.

According to Saum Noursalehi, CEO of tZERO, applications for iOS and Android devices should be launched in June. Bitsy is developing it, a cryptocurrency start-up that is part of the portfolio of the Overstock venture division of Medici Ventures.

That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app. They have an app for trading crypto, primarily bitcoin, in a beta-phase, they built a wallet and key recovery mechanism, and this will be the foundation of the mobile app for tZERO. They are also working on some cool stuff like biometric login. 

Saum Noursalehi

CEO, tZero

According to him, the application will allow you to store cryptocurrency without the need to trust third parties and it will be connected to the network of exchanges through the API. The implementation of this plan will occur through partner tZERO, the institutional trading platform SFox.

In the future, the head of tZERO added, the platform also intends to create its own cryptocurrency vault to meet the demand from users.

The public beta testing of Bitsy wallet started in November 2018. With his help, the Overstock retailer plans to launch Bitcoin sales on its website.