The Russian Association of Crypto-Currency and Block-Finish (RACIB) and industry associations in Korea and China are planning to sue Google, Twitter, Facebook and Yandex for refusing to place cryptocurrency advertising, RACIB head Yuri Pripachkin told the Blockchain RF-2018 congress. The parties intend to file suit in May, Russian publishing giant TASS reports.
Pripachkin said the ban on Twitter caused a “special indignation at the crypto community.” He said Twitter made a subscription available for its own cryptocurrency and banned all others.
He said the four companies’ collusion manipulates the market and has led to a “significant drop” in the market in recent months.
A new organization is being launched to include industry associations from Korea and China in the lawsuit – the Eurasian Association of Blockbearers. RACIB, Korea Venture Business Associations and the Chinese association of crypto investors LBTC have all signed the agreement creating the new association.