This is bad news for many finished ICOs. I have seen numerous mining apps in advertisements and their end is nearing. Apps associated with storm and electroneum will experience a huge dump if this proceeds. Nonetheless, Google should have done this way back and not just now.
It is funny how people are making FUDs about this. Why is this a bad news for these many finished ICOs? Google banned mining apps on android phones, so? What is the big deal? It is not like a lot of people are favoring to mine crpyto currencies on their phone. These mobile phones or android phones are not really compatible to mining, I did try mining on my Oppo f7 and well, it is a waste of time. Rather than wasting your time on mining on your phone, invest on real mining rigs, electroneum will not be affected by these.