Google announces it will BAN ALL cryptocurrency-related ads

Google slaps the ban hammer down on cryptocurrency ads, will have them totally banned by June 2018.

@anthony256

Published Mar 14, 2018 4:00 AM CDT
Updated Nov 3, 2020 12:52 PM CST

37 seconds read time

Don't fear, Google is here. The search engine and everything else giant has announced that it is placing an outright ban on cryptocurrency-related advertising.

Google announces it will BAN ALL cryptocurrency-related ads | TweakTown.com

Google is updated its financial services-related advertising policies, which will see any advertising for cryptocurrency-related content, will be banned. Google's Director of Sustainable Ads, Scott Spencer, told CNBC that this will include "initial coin offerings (ICOs), wallets, and trading advice".

The new cryptocurrency-related advertising ban will go into effect in June 2018, with Spencer adding: "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".

Facebook has made similar moves by banning crypto-related advertising, and now Google joins the crypto hate party. There are some interesting moves being made, that's for sure.

NEWS SOURCE:cnbc.com

Anthony Garreffa

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.