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Back in January 2018, Facebook banned ads that promote virtual coins on its platform. And now, Google is following suit: it will not allow cryptocurrency ads to run on its platform. And so it is that two of the internet’s power houses have taken the decision to ban cryptocurrency ads. Google’s ban will take effect from June 2018.
Why Is Google Doing This?
Google’s statement says that it has “updated several policies to address ads in unregulated or speculative financial products.” It looks like the recent spate of cryptocurrency ICOs (initial coin offerings) could have something to do with it.
US authorities have disclosed that many ICOs are being conducted illegally. Some countries are already taking steps to checkmate ICO and related scams. Also, some companies that trade crypto have already got into trouble with governments in North America for promoting Bitcoin and other cryptocurrency as investment schemes.
Google’s director of sustainable ads, Scott Spencer, told CNBC , “We don’t have a crystal ball to know where the future is going to go with cryptocurrencies, but we’ve seen enough consumer harm or potential for consumer harm that it’s an area that we want to approach with extreme caution.”
The Message To You
Clearly, Facebook and Google acknowledge that cryptocurrencies are in their early days and are still extremely volatile. The entire landscape feels like the gold rush once again.
As stated in our Bitcoin guide , Bitcoin – and indeed any cryptocurrencies – are not investment schemes. They are virtual currencies. While you can make money by trading margins in currencies, it is important to understand the distinction. Financial authorities seem particular about this point.
Lastly, be careful what cryptocurrency bandwagon you jump on. Not all that glitters is gold. And as someone else much wiser has said, a fool and his money are easily parted.
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Author:Mister Mobility
Digital Skills and Communication Coach | Mobile Phone Connoisseur since 2001 | Tech Blogging since 2004
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The mid-Atlantic state of Delware in the USA has announced the introduction of a mobile driver licence app . The new mDL will be put to test in a 6-month trial run that will involve about 200 employees of the Delaware Division of Motor Vehicles.
The pilot run of the new mobile driver licence will allow the state to find out the issues that using a smartphone app as a driving licence will bring up. As such, those issues can be ironed out before the app is made available for use by the public. Here is a screenshot of what the driving licence looks like:
Features Of The Mobile Driver Licence App
Features of the mDL app will include:
- Enhanced privacy for age verification – no need to show a person’s address, licence number and birthdate, the mDL will verify if the person is over 18 or 21 and display a photo.
- Law enforcement use during a traffic stop – the mDL will allow law enforcement officers to ping a driver’s smartphone to request their driving licence information prior to walking to the vehicle.
- Business acceptance – understanding how businesses that require identification or age verification interact with the mDL will be advantageous throughout pilot.
- Ease of Use – ensuring the mDL is able to be presented to any organization without difficulty.
- Secure access – the mDL is only unlocked and accessible by the mDL holder. The mDL is accessed through an app on the owner’s smartphone and is opened/unlocked by entering a user-created PIN number or using facial recognition.
Delaware is one of the first US states to test mobile driving licence. The benefits of an electronic driver licence of this sort include: lower costs, easier updates and logistics, as well as better security.
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Author:MobileChic
That motivated, gadget-loving geeky chic who tries to stay on top of things. Unapologetic iFan.
