Google Adwords Banning Cryptocurrency Starting June
Google Adwords is planning to act on all things cryptocurrency with the first action expected to happen in June 2018.
The ban will reportedly deal with everything including adwords and content that deals with cryptocurrencies including pages that deal with bitcoin trading, ICOs and exchanges.
An updated ad policy for the Google Adwords’ financial services has been released and it reads:
In addition, ads for the following will no longer be allowed to serve:
- 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)”
The ban on cryptocurrency ads using Google Adwords was brought about by the thriving cryptocurrency scams that has done more harm done good.
Scott Spencer, director of sustainable ads for Google, stated:
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.”
