Google to ban ads promoting cryptocurrencies

Updated:7 years, 7 months ago

New Delhi, Mar 15 (ANI): Google has announced that it will ban advertisements for cryptocurrencies and related content, starting in June. As per its upcoming financial services policy, it will prohibit advertisements promoting any kind of cryptocurrencies. Under the new policy, the company will also ban ads for binary options and synonymous products, cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice). In an official note, Google stated that the new policy will contain measures to restrict the advertisement of Contracts for Difference, rolling spot foreign exchange (ForEx) and financial spread betting. The company further stated that advertisers offering the aforementioned features will be required to be certified by Google before they can advertise through AdWords. In a separate blog post, Google said it took down 3.2 billion ads that violated its advertising policies in 2017, nearly double the number of ads it removed in 2016. Bitcoins and other forms of cryptocurrencies have gained widespread popularity in the recent past. However, they have been shunned as illegal forms of tender.

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Google to ban ads promoting cryptocurrencies

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