Comment: Facebook, Google torn both ways by EU regulators on cryptocurrency ads
By Jack Schickler ( April 22, 2021, 12:37 GMT | Comment) -- Social-media sites hosting cryptocurrency ads are being torn in both directions by EU regulators. Financial watchdogs don’t want the likes of Google to promote scams — but arbitrary restrictions on the right to advertise can also prompt complaints to antitrust officials. EU laws designed to curb initiatives like the Facebook-backed Diem could fix the problem, but perhaps not soon enough.Social-media sites hosting cryptocurrency ads are being torn in both directions by EU regulators....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.