In January, Facebook banned ads about cryptocurrency on its products, also in China crypto-related ads aren’t allowed online.
Now, Google will ban all cryptocurrency-related AdWords ads starting in June 2018. This contains ICOs, exchanges and even pages offering information about trading.
“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 Spencer, the Director of Sustainable Ads at Google
AdWords’ Financial Services ad policy has been updated and it will no longer serve ads like:
- 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)