Digest: Twitter to Ban Crypto Ads, Blockchain Tech in New Zealand, and Cryptocurrencies Don’t Pose Risk
Twitter to Ban Cryptocurrency Ads
Just as Facebook and Google recently put a ban on cryptocurrency advertisements, Twitter has been reported to do the same. The ban may take place in the coming two weeks and will forbid the advertising of ICOs, token sales, crypto wallets, as well as crypto exchanges.
Twitter has had a tough time these last weeks. The social media company had to block cryptocurrency profiles because there had appeared a great number of scam accounts.
FSB Chair Says Cryptocurrencies Don’t Pose Risk to the Global Financial Market
Bank of England governor Mark Carney stated in a letter to representatives of the G20 that cryptocurrencies do not pose any possible threat to the financial market. Carney, being a chairman of the Financial Stability Board, rejected the perspective of putting regulation on digital currencies, such as Bitcoin.
The FSB's initial assessment is that crypto-assets do not pose risks to global financial stability at this time, – Mr Carney said in a letter to G20
New Zealand be the Top Favorable Environment for Blockchain
New Zealand is regarded to be a new global blockchain center, as there have recently spawned a great number of blockchain startups, especially those that have raised millions through ICOs.
FintechNZ general manager James Brown said that New Zealand is “a living laboratory” for creating new projects and inventions which will have a significant influence on the world’s financial market.