Google shuns ICO-related ads on their AdWords platform

Reports have surfaced about Google not approving or outright suspending cryptocurrency-related ads on AdWords
12 March 2018   923

In the wake of Facebook banning ICO advertisements on its platform many companies in the field of Initial Coin offering faced decreased views. It made a significant impact on the sales in the first weeks, but slowly things got back on track. And now the report from users are suggesting the same practice has been adopted by Google on their AdWords platform.

The report from people in the industry say that they are getting a lot less clicks (99% reduction, as said) and views from their cryptocurrency and blockchain-related ads on Google and at the same time this happened, Google started sending suspensions and limited approval for the ICO campaigns.

Apparently all this is connected to Canadian Binary Option Task Force. Jason Roy, the senior investigator at the Manitoba Securities Commission and Chairman of BOTF, openly stated, that they approve Facebook's ban on ICO-related ads and dropped the hints, that they have contacted Google with request to adopt the similar policy.

While true, that there has been a rise in cryptocurrency-related startups, it's a rather effective scheme of shielding customers from numerous fraudulent ICO. People are so hyped, Roy says, that they are throwing money at anyone who promises them insane profits, but in fact lots of ICO don't have anything behind them on technical side of things. So, Canada's Binary Option Task Force and FBI have pressed Facebook into removing such advertisements altogether, so no unsuspecting users would fall victim to the scammers. And now, authorities hope for the similar policy to be enacted and wait for Google to officially respond to their demands.

Australian Company to Issues Crypto Backed Loans

In case of default, financial company named Helio may sell cryptocurrency to cover losses
10 December 2018   89

Helio from Melbourne began issuing loans secured by cryptocurrencies, Bitcoin.com reports.

The service allows Helio clients to borrow from 1000 Australian dollars ($ 720) on the security of cryptocurrency assets. At the moment, the company accepts Bitcoin, Ether, Litecoin and Ripple.

Helio client crypto assets are stored in a secure wallet, company representatives say. In case of default, the company may sell cryptocurrency to cover losses.

Helio has a credit license (ACL) issued by the Australian Securities and Investments Commission (ASIC). As stated by the company's founder, John O’Shy, Helio was the first licensed organization in Australia to launch this service. According to him, the country has a developed cryptocurrency market, however, suppliers who want to provide loans secured by digital assets are not enough.

In June, the Japanese corporation Abic Corporation began to issue loans secured with Bitcoin