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After Facebook banned ads about cryptocurrency on its products In January, Now, Google will ban all cryptocurrency-related AdWords ads starting in June 2018. This contains ICOs(Initial Coin Offerings), exchanges and even pages offering information about trading.
Scott Spencer, the Director of Sustainable Ads at Google said that “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.”
According to AdWords’ Financial Services ad policy, 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)