Google Accused Of Unfair Competition

Google Accused Of Unfair Competition

Not a long time ago, in March 2018 Alphabet Inc. that runs Google and Youtube has declared to ban all crypto-related ads, and in April – all apps that have something to do with mining.

The ban was excused as a measure to protect users from fraudulent offers, however, on June 4 The Independent has published an article suspecting Google in implementing the ban in its vested interest: avoiding comments, the company dropped a hint on its plans on introducing 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,” Phillip Nunn, CEO of Blackmore Group, told The Independent in the interview. 

What’s curious, Google and Facebook don’t ban gambling websites and other unethical practices, making the situation even more suspicious.

Vitalik Buterin, the founder of Ethereum, nurtured the community's doubts about Google's sudden interest in the crypto industry after telling that he had been invited to collaborate with the corporation. Yet, he deleted the tweet right away, and Buterin's decision is still unknown. 

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