The search engine giant, Google says it will ban all cryptocurrency related advertisement of every kind including wallets, initial coin offering, trading advice etc with effect from June 2018, as stated in their recent financial services policy update.
The search giant’s cryptocurrency crackdown follows a similar ban that facebook did early this year. This simply means that also companies with lawful cryptocurrency offering will not be accepted to serve crypto-ads along whichever Google’s ad products, that place advertisements on it’s own websites and on 3rd party websites aswell.
Google’s director of sustainable ads, Mr Scott Spencer told CNBC that they actually don’t have a crystal ball to let them know where the future is moving to with cryptocurrencies, and that they have seen enough consumer harm that it’s were they want to come to with utmost caution.
The update will start in June 2018, according to Google.
The search engine giant said, they cracked down over 3.2 billion ads last year which violated the company’s policies, this is almost double the 1.7 billion it cracked down in 2016.
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