Google is following Facebook’s lead in banning cryptocurrency-related ads across its advertising platforms
It is reported that the new policy will become effective in June, and it will be across ads bought in its search and display-advertising network – which includes YouTube.
Apart from that, Google is also moving to ban ads for “other speculative products” too – such as those for nontraditional methods of wagering on the future movements of stock prices and foreign exchange, such as binary options and financial spread-betting.
here as well, when advertisers were noticeably finding it difficult to advertise cryptocurrency and blockchain-oriented products with Google Ads.
Google’s move here is a similar move done by Facebook when they updated their ads policy in 30 January.
Bitcoin not liking the news too much as it pares gains for the day, falling to $9,100 levels currently.