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Google to ban cryptocurrency and initial coin offerings ads from June

Cryptocurrency bitcoins

Google has said that it will ban advertisements that promote cryptocurrencies and initial coin offerings (ICOs) starting from June. According to the company, the move is part of an update to its policy, which will also ban other risky financial products. The policy states that ads for aggregators and affiliates will no longer be able to display “cryptocurrencies and related content.” In a blog post, the company highlighted all the products that can no longer be advertised "including but not limited to initial coin offerings (ICO), cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice." Currently, a search for the term 'bitcoin' on Google serves up websites advertising the sale of bitcoins right on top the results. (Screengrab below) Facebook did it first Google's move mirrors one that was implemented in January by Facebook, the other giant in the web advertising…

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Writes about consumer technology, social media, digital services and tech policy. Is a gadget freak, gamer and Star Wars nerd.

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