Google will ban all cryptocurrency-related advertising

Effective June 2018, Google will ban all cryptocurrency-related advertising. Google is following Facebook footsteps.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 ban 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 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, according to a report from CNBC.