Google Announces Ban on Cryptocurrency Ads
Google announced a ban on online advertisements sponsoring cryptocurrencies and initial coin offerings as from June, this new policy forms part of a major crackdown on the promotion of a new type of high-risk financial products.
Alphabet Inc., Google’s parent company announced yesterday night the decision of updating its current ad policy stating the search engine giant will now be banning ads for “cryptocurrencies and related content.” This comes after Facebook similarly banned ads promoting the digital-currency sector in January. Hence, the two largest web-ad sellers are now out of bounds of the budding digital-currency sector.
Google also announced it would start restricting ads for financial products which includes binary options. Currently, googling terms like “binary options” a...