$600M lawsuit filed over crypto ad ban in Australian

posted about 2 months ago
Law firm JPB Liberty filed a class-action lawsuit in the Federal Court of New South Wales earlier today, targeting Facebook and Google for anti-competitive behavior for banning cryptocurrency advertising in 2018.

JPB argues the ban, which was loosened in 2019, caused severe financial damage to the wider cryptocurrency industry. JPB Liberty CEO Andrew Hamilton said the tech giants had acted as a cartel in launching the crypto ad ban, in order to crush competition from the blockchain sector.
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