Google will ban all types of advertisements related with cryptocurrency in June 2018, according to the recent report on their Financial Services policy.
The crypto ad ban news comes a few days after advertisers of digital currencies using Google Adwords realized a significant drop in the number of their advertisement views, as per the Adwords support pages. Nonetheless, Google Adwords had denied changes in its Financial Services regulations associated with blocking Initial Coin Offering (ICO) or cryptocurrency related advertisements.
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Under the new financial products policy of Google, from June 2018, there is no kind of cryptocurrency advertisement or related content which will be accepted by the company. These include but not restricted to initial coin offerings, cryptocurrency wallets, cryptocurrency exchanges, and cryptocurrency trading advice.
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The move affects all Google's ad products. Thus, companies will not be able to promote their crypto-related activities on the giant search engine site, including its third-party sites in its system.
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Concerning the new policy, a financial from Google said, “We don’t have any crystal ball to know about the future of cryptocurrencies, but we have witnessed enough harm to consumers, and that’s a sector we would like to approach with great caution.”
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“Facebook already banned cryptocurrency related adverts in January this year, citing the likelihood of “deceptive promotional practices.”
Likewise, cryptocurrency advertisements have reportedly been missing from Chinese social media websites amidst China’s ban on crypto exchanges and ICOs.
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That just makes it easir to talk about the benefits of crypto without talking about direct crypto solicitation. For anyone with a bit a creativity, this opens the door by limiting competition. Just my thought. Thanks for the post!
@brettcalloway welcome. Let continue watching out this space!
Good thing i’m already beta testing the Presearch platform search engine. Decentralize or bust. I hate google co. Smh.
Nice, is it good any good?
Actually it is! Here is my ref link if you want to look into it. Check out the dev team. You’ll be suprised this isnt a bigger name project yet https://www.presearch.org/register/?ref_id=111209
@dizzyjay keep the fire burning. The future is bright!
Stop by my blog sometime! Having my daughter today. Will be posting about it today as she arrives. Already begun induction and having regular contractions! 🔥 much love. Fire is burning white hot today @cryptofy
for sure I ll check in later!
Hey, thanks for the gift @cryptofy
@adambalm you are welcome. Keep following.
The importance of advertising is enormous when the crypto money is coming out. It's not good for the ad ban to arrive. More drops may be experienced
@baycan think so. But it will also be hard to stop the firely crypto trend.
like an elephant afraid of ants .. hopefully we can survive with this unpleasant condition...
@ny4.one true
I think it is good direction for long term
@steemitjp most probably. Think they have a good reason.
Actually, I don't even know how to react to this news... But I think it's not a good idea to ban it that totally.
@savio true
The Denver Post is on it's death bed, having to layoff another 30 staffers. I feel like Google has a feeling that they're on the verge of suffering the same fate, and this, like the American hating, Constitution bashing, Zionist media machine that is pulling out all the stops because they're being made irrelevant, is another perfect example of them cutting their own throats!!!
@joe.sef also wondering. But at the end of it all, crypto will thrive and stay.