Google will ban all cryptocurrency-related advertising

Source: https://www.cnbc.com/2018/03/13/google-bans-crypto-ads.html

• Google is cracking down on cryptocurrency-related advertising.
• The company will no longer allow ads about cryptocurrency-related content, including initial coin offerings (ICOs), wallets, and trading advice across any of its ad platforms.
• The move follows a similar ban by Facebook earlier this year.

Google plans to ban all cryptocurrency-related advertising 4 Hours Ago | 00:46
Google is cracking down on cryptocurrency-related advertising.

The company is updating its financial services-related ad policies to ban any advertising about cryptocurrency-related content, including initial coin offerings (ICOs), wallets, and trading advice, Google's director of sustainable ads, Scott Spencer, told CNBC.

That means that even companies with legitimate cryptocurrency offerings won't be allowed to serve ads through any of Google's ad products, which place advertising on its own sites as well as third-party websites.


This update will go into effect in June 2018, according to a company post.

"We don't have a crystal ball to know where the future is going to go with cryptocurrencies, but we've seen enough consumer harm or potential for consumer harm that it's an area that we want to approach with extreme caution," Scott said.

Google's hard-line approach follows a similar ban that Facebook announced earlier this year.

While the crypto-currency boom has produced a lot of excitement and wealth, it's still a largely unregulated space and has spawned countless high-profile scams.

This news comes as Google releases its annual "trust and safety" ads report.

Google said it took down more than 3.2 billion ads in 2017 that violated its policies, which is nearly double the 1.7 billion it removed the year before.

Google parent company Alphabet makes roughly 84 percent of its total revenue from advertising, so convincing advertisers that its ecosystem is safe and effective is critically important.

 

yeah I dont agree with this. Uniformed losing money is what capitalism is all about. But I guess it's good as it'll possibly add more stability to cyrpto.

 

To be honest i quit working with crypto last year i think.You must realize that it's like gambling,and,nothing seems to depends on you.Y

You can work hard,you can invest in buying bitcoins/litecoins , and for one day,or,night,all your crypto are worthless.Maybe regular banks are greedy,but,on bitcoins,you don't see anything,no ,banks nor official guys.You don't see even owner of bitcoins.

 

Do not worry there will be always ways to go around.

 

It's because it's a new economy paradigm, by the way, you can invest in other in whatever you want in stock exchange, and lose all your money the next, anytime you invest in something you are in fact gambling

 

Safe harbor has long since left the building.