Google ends Crypto ads ban and Argentina with nationwide protests | Calamatta Cuschieri

Google is reversing its ban on cryptocurrency advertising this October. The American tech giant's ban on all cryptocurrency ads was first announced in March

Markets in Europe closed in the green as investors digested United States President Donald Trump's remarks at the United Nations General Assembly meeting. The energy and mining industries recorded the biggest gains, especially after Trump warned earlier that his country would no longer "put up" with the manipulation of oil prices by the Organization of the Petroleum Exporting Countries (OPEC).

London's FTSE 100 finished 0.66% higher. The main advancer was Next, jumping 7.69% after the company reported strong corporate earnings and lifted its guidance for the year. In Germany, the DAX ended a day of trading by rising 0.19% as SAP led the gains, adding 3.42%. French CAC 40 increased 0.02% at the closing bell.

Google end ban on cryptocurrency ads

Google is reversing its ban on cryptocurrency advertising this October. The American tech giant's ban on all cryptocurrency ads was first announced in March this year but came into effect this June in an effort to protect consumers from scam initial coin offerings and trading advice.

Google's new policy, which mirrors that of Facebook earlier this year, allows for advertisers from all over the world but requires individual certification for running crypto ads in Japan and the United States.

Facebook returned its cryptocurrency ads but with a special verification process as well. Aside from the tech duo, social networking giant Twitter banned the advertising of cryptocurrencies on its platform as well, with a complete ban on initial coin offerings (ICOs) and token sales while cryptocurrency exchanges and wallets were restricted only to companies that are listed on major stock markets.

Argentina hit with protests

A 24-hour strike hit Argentina as the country is expected to introduce austerity measures in order to receive financial aid from the International Monetary Fund (IMF). Furthermore, the president of the Argentine central bank Luis Caputo resigned earlier citing personal reasons. It was announced he will be replaced by the former Economic Policy Secretary Guido Sandleris.

In order to combat the decline of the peso, the government of President Mauricio Macri negotiated a $50 billion standby deal with the IMF. On Monday, Macri said that he was in talks with the financial institution to extend the credit line for a further $3-5 billion.

The second-biggest South American economy has been experiencing a crisis which has seen the dollar rise 108.72% versus the Argentine peer since the beginning of the year.

 

Disclaimer: This article was issued by Rodrick Duca, trader at Calamatta Cuschieri. For more information visit, www.cc.com.mt. The information, view and opinions provided in this article are being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Calamatta Cuschieri Investment Services Ltd has not verified and consequently neither warrants the accuracy nor the veracity of any information, views or opinions appearing on this website.

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