Update: Leaders in Six Countries Suing Internet Titans for Banning Cryptocurrency Ads

By Daily Hodl Staff

Blockchain and cryptocurrency organizations in at least six countries are joining together in a lawsuit against some of the world’s largest companies to fight new restrictions on cryptocurrency advertising.

Groups in Switzerland, Armenia and Kazakhstan are joining the movement that started in Russia, China and South Korea late last month. The legal action is expected to be filed in New York in May by the newly formed Eurasian Blockchain Association. Here’s the full list of entities now involved:

Russian Association of Cryptocurrency and Blockchain
Chinese Association of Cryptocurrency Investors
Korea Venture Business Association
Innmind, a Swiss company
Armenian Association of Developers and Users
Kazakhstan Blockchain and Cryptocurrency Association

Facebook announced the first big ban on all cryptocurrency advertising on January 30, citing desire to protect its users from scams or deception.

Google then announced its own ban on crypto ads, followed by Twitter, LinkedIn and MailChimp.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.