Bitcoin and the rest of cryptocurrencies have not sat down well with Google’s decision to ban all advertising related to them and ICOs from next June. Following the decision announced yesterday, the value of all cryptocurrencies has fallen sharply again just when they were starting to recover from the latest falls.

At this time, if we look at indices like CoinMarketCap we will see that the value of Bitcoin has fallen by 13.45% compared to yesterday, and its value is already under $ 8,000. In the rest of the most used cryptocurrencies according to this index, the fall is even more pronounced, with decreases of 14.72%, 16.58% and 14.25% for Ethereum, Ripple and Bitcoin Cash.

As usually happens, the most logical thing is that in the next few days the value of cryptocurrencies begins to grow again. But what is clear is that, with so many ups and downs, it does not seem easy that they will find short-term stability that makes them grow back to the levels they had at the beginning of the year. Even so, we will have to wait and see what happens in the medium and long term.

It should also be remembered that Google is not the only one that is charging against this type of technology.. At the end of January, it was Facebook that also decided to ban ads related to cryptocurrencies and initial coin offerings (“initial coin offerings” or ICOs) in all its services. Furthermore, celebrities like Bill Gates are also strongly criticizing it, and some governments are threatening to ban them.

The measures taken by Google or Facebook have not ceased to cause some controversy among those who support the blockchain. The decisions come, according to the companies, to protect users, and it is true that there are many deceptions trying to capture clueless with keywords such as Bitcoin or Blockchain. But what they are doing is generalizing and punishing everyone equally, including legitimate product ads that strive to get it right.

Governments like the Spanish swim against the current

While European countries such as Germany, France, or Italy, in addition to others such as the United States, still do not seem willing to enter to regulate cryptocurrencies, there are still some who decide to swim against the current and be in favor of this technology. This is the case of Spain, where the Treasury is studying their impact, and the government party is drafting a bill to try to favor them.

The idea of ​​Spain is to offer benefits such as possible tax deductions for attract companies using blockchain-based technologies or opt for initial coin offerings (ICOs) as a financing tool. With this they could be wanting to position themselves in Europe together with countries like Switzerland as one of the world capitals of Blockchain.

In any case, the debates around cryptocurrencies and the blockchain They have only just begun, and it remains to be seen what ends up happening after this storm of instability subsides, if it does, once Bitcoin and company normalize the prohibitions and measures against that are being imposed.

In Engadget | The ideas that the government is having to regulate ICOs, cryptocurrencies and blockchain