Google to ban cryptocurrency and related advertisements

Google to ban cryptocurrency and related advertisements
This April 26, 2017, file photo shows Google's web address, in Philadelphia. Google says it is going to ban advertisements for cryptocurrencies such as bitcoin, as well as related content like trading advice and cryptocurrency wallets. (AP Photo/Matt Rourke, File)

Google says it is going to ban advertisements for cryptocurrencies such as bitcoin, as well as related content like trading advice and cryptocurrency wallets.

The new policies, which also ban other complex financial products, will go into effect in June.

The Mountain View, California-based company announced the change Wednesday.

The move follows a similar step by Facebook earlier this year. The social networking giant updated its ad policy in January to ban financial products often associated with deceptive practices, including those involving such as bitcoin.

Google to ban cryptocurrency and related advertisements
In this Dec. 21, 2017, file photo, a Bitcoin logo is shown is displayed on an ATM in Hong Kong. Google says it is going to ban advertisements for cryptocurrencies such as bitcoin, as well as related content like trading advice and cryptocurrency wallets. (AP Photo/Kin Cheung, File)

Explore further

Bitcoin crash could derail other cryptocurrencies

© 2018 The Associated Press. All rights reserved.

Citation: Google to ban cryptocurrency and related advertisements (2018, March 14) retrieved 19 April 2021 from https://phys.org/news/2018-03-google-cryptocurrency-advertisements.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
13 shares

Feedback to editors

User comments