Cryptocurrency associations and businesses from Switzerland, Kazakhstan and Armenia have joined the initiative to sue Internet corporations over restrictions on crypto-related advertisements. The class action lawsuit will be filed in New York. Legal costs will be covered with funds raised through donations to a wallet registered in Estonia.
Lawsuit to Be Filed In May
Organizations uniting cryptocurrency investors and blockchain companies from three more countries have supported the class action against internet giants banning crypto ads. The move was initiated by Russian, Chinese and South Korean crypto associations, as news.Bitcoin.com reported. During a conference in Moscow last month, they founded a new organization called the Eurasian Blockchain Association (EBA). EBA is tasked with asserting their interests on an international level.