Facebook ($FB) Lifts Ban on #Crypto Advertising but Not ICOs, Malta Passes #Crypto Bills Unanimously, ING Survey Indicates Crypto Ownership will Double and Huobi Pro Discontinues Service in Japan


Crypto Corner - June 27, 2018

Facebook Lifts Ban on Crypto Advertising but Not ICOs, Malta Passes Crypto Bills Unanimously, ING Survey Indicates Crypto Ownership will Double and Huobi Pro Discontinues Service in Japan

Facebook has reversed its ban on advertising for cryptocurrencies, effective immediately, according to an announcement yesterday. The ban is still in effect for initial coin offerings (ICOs), however.

Following on from yesterday's news, the Maltese parliament has unanimously approved the three crypto and blockchain bills under consideration yesterday. Silvio Schembri, Malta's Junior Minister for Financial Services, tweeted out the news yesterday.

Today Maltese Parliament unanimously approved 3 bills on DLT/blockchain, a 1st in the World. Honored to have driven these bills. Announced that Mr Stephen McCarthy will be the CEO of the new #Malta Digital Innovation Authority. #BlockchainIsland -SS

Global market research and consulting firm Ipsos, on behalf of ING Bank, has published the results of the ING International Survey on cryptocurrency. Among the findings were that crypto ownership is expected to double, with 9 percent of Europeans currently owning and 25 percent expecting to buy some in the future. Furthermore 35 percent of Europeans see cryptocurrency as "the future of spending online" and the same amount see it increasing in value in the next year.

According to a report from Coinpost, a Japanese outlet, crypto exchange Huobi Pro announced the suspension of its service in Japan due to its lack of registration with the country's Financial Services Agency (FSA).

Huobi does not register the virtual currency exchange business based on the "funds settlement law" of Japan. Therefore, we do not conduct virtual currency exchange business in Japan.

Sam Mowers, Investorideas

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