- Google’s ban on cryptocurrency adverts comes into effect this month, there is some guesswork Google may not obey the law
- Crypto-mania spreads over seniors in Japan, a country’s crypto centre launches a comprehensive course for them
- Indonesian regulator gives green light for digital currency futures trading
Over the past several months some of the biggest companies including Google, Mircrosoft as well as Twitter chose to ban all cryptocurrency advertisements suggesting they pose a hazard to consumers exposing them to an increased risk. Since the start of June a Google’s ban has come into effect, albeit no without suspicions. Notice that officially Google informed that its move to do so was solely driven by a desire to confront criminality, but there are some people claiming that the company could have an interest in prohibiting ads on its websites. Philip Nunn, CEO of an investment firm Blackmore headquartered in Manchester, says “I understand that Facebook and Google are under a lot of pressure to regulate what their users are reading, but they are still advertising gambling websites and other unethical practices”. He continued claiming “I suspect the ban has been implemented to fit in with potential plans to introduce their own cryptocurrency to the market in the near future and therefore removing other crypto adverts allows them to do it on their own terms”. If he’s right one may conclude that Google may have wanted to get rid of competitors, but the jury is still out to judge whether the company is going to forge its own virtual currency.
Bitcoin looks encouragingly from a buyers’ point of view as it’s gotten back to a possible noteworthy support line. Once the price manages to defend this level, one may count on a continued pick-up commenced at the end of May. Source: xSstation5
Crypto-mania spreads over seniors in Japan, a country’s crypto centre launches a comprehensive course for them
The elderly in Japan is getting more interested in new technologies including digital currencies, and as usual, some companies associated with this industry want to capitalize on that interest. Namely, the Japanese Cryptocurrency Support Centre has recently launched an extensive digital currency investment course for middle-aged and elderly people. Local media outlets reported last week that this is “Japan’s first virtual currency investment course for seniors”. The centre treats its recently taken steps seriously saying that in the past FX and stocks investments dominated, but since 2017 virtual currencies became almost the only game in town, and on that account no one should be shocked that seniors are becoming more and more immersed in this kind of investment. The course has been divided in two parts, the first one called “basic operation and maintenance of virtual currency” and the second named “investment know-how of virtual currency and measures against taxation”.
Ethereum jumped out of the blue overnight breaking down a resistance placed at $592, and being supported by a 50% retracement of the latest swing to the upside. Therefore, one may expect that buyers may want to re-enter the market should the price get back to this line again. If so, a risk/reward ratio would be really beneficial shoring up buyers’ conviction. Source: xStation5
Indonesian regulator gives green light for digital currency futures trading
The Indonesian Futures Exchanges Supervisory Board, being in charge of commodities trading rules, had recently ruled that cryptocurrencies were commodities, and therefore they could be traded on the country’s futures exchange. An official decree has been already signed potentially setting the stage for a launch of Bitcoin futures there. Let us recall that the Indonesian central bank offered pretty harsh remarks with respect to cryptocurrencies at the end of the last year warning it would even prohibit Bitcoin payments. However, it has been on the sidelines in terms of this topic since then.