Eurasian Blockchain Association to Sue Social Media Giants over Ad Bans By Cryptovest

The Russian Association of Cryptocurrency and Blockchain (RACIB), together with industry associations of China and South Korea, is planning to file a class action lawsuit against Google, Facebook (NASDAQ:FB), Twitter, and Yandex for banning ads related to initial coin offerings (ICOs) and cryptocurrencies. RACIB president Yuri Pripachkin revealed this before media representatives at the BlockchainRF Congress 2018, which started on March 27.

According to Pripachkin, the lawsuit will be filed in US courts through a newly created body called the Eurasian Blockchain Association (EBA). He said a crypto fund would be created, and everyone can contribute to it.

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