Google bans cryptocurrency advertising

Lloyd Doyle
March 18, 2018

The restrictions on cryptocurrency advertising are similar to limits that Google places on other forms of ads, including the promotion of counterfeit items or sexually explicit content.

Following in the footsteps of both Facebook and Twitter, soon Google will begin banning cryptocurrency adverts on its platforms.

Google didn't mention on its website why it is banning these ads. These instruments are being now advertised on the search engine's pages when queries like "binary options" and "buy bitcoin" are input in the search box.

This move follows Facebook's ban of cryptocurrency ads in January, which aimed to crack down on scams related to the ads. Since the two biggest providers of digital advertising are cracking down on cryptocurrencies, companies and individuals with crytocurrency offerings will have limited ad options. Cryptocurrencies are not scams, but USA regulators warn interested investors that there is a high risk of fraud within the market. With this move, advertisements related to Bitcoin and other cryptocurrencies will be banned. The current Bitcoin price, as per Coindesk, is $8100, which is not even half of what it was fetching just three months back.

"Et Tu Google? After Facebook, Google Bans All Cryptocurrency Advertisements!", 5 out of 5 based on 1 ratings.

"We equally removed 66 million "trick-to-click" ads as well as 48 million ads that were attempting to get users to install unwanted software". In fact, Google's campaign against scammers and fraudsters runs deep as it has also been consistently targeting scams that disguise as news headlines but eventually aim to sell something.

Stansfield said that Google was constantly updating policies as new threats emerged, adding that in 2017, 28 new advertiser policies and 20 new publisher policies were added to combat new threats and improve ad experience online.

Scott Spencer, director of sustainable ads, said that Google's work to protect the ads ecosystem does not stop here and is ongoing.

Google will be the latest addition to authorities and firms that have mounted a crackdown on cryptocurrencies.

Currently, most governments have been taking severe measures against cryptocurrency owners, making an obscure future for its users.

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