$600M Crypto Ad Ban Class Action Filed in Australian Courts

Cointelegraph

Published Aug 13, 2020 10:54PM ET

Updated Aug 14, 2020 12:40AM ET

Law firm JPB Liberty filed a class-action lawsuit in the Federal Court of New South Wales earlier today, targeting Facebook (NASDAQ:FB) and Google (NASDAQ:GOOGL) for anti-competitive behavior for banning cryptocurrency advertising in 2018.

JPB argues the ban, which was loosened in 2019, killed the initial coin offering (ICO) market and caused severe financial damage to the wider cryptocurrency industry.

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