Google To Lift Crypto Ads Ban in October
Google is going to lift the controversial crypto ads ban in October, but there’s a catch. According to the renowned US-based company, only some specific companies would be allowed to advertise cryptos and blockchain technologies, while ICO ads remain banned.
The new decision taken by Google follows a similar one Facebook applied already to lessen up the ban they imposed on cryptocurrency advertisements on their famous social network.
Google’s new crypto ads regulations will come in force in October, but only across the United States and Japan. As for the other countries, Google would probably lift the bans gradually, but nothing has been revealed in that regard.
Also, Google announced that ads regarding ICOs, crypto consultancy firms, trading advice, and cryptocurrency wallets are still forbidden on the platform. Facebook, Twitter, and Snapchat took similar decisions when they eased up their crypto ads ban to not allow bad actors in the crypto market to advertise themselves.
Google is going to lift the crypto ads ban in October, across the US and Japan, but only for regulated cryptocurrency exchange platforms
The Google policies regarding its crypto ads ban will come in force in October, as mentioned above. However, only those regulated cryptocurrency exchange platforms and crypto- and blockchain technologies-related companies can advertise their services using Google.
“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,” stated Scott Spencer of Google for CNBC.
Besides the interest shown by Google in the “future of cryptocurrencies,” this new policy aims profits, to be honest, as the welcoming back for the crypto ads on its platform would skyrocket the Google’s revenues as many interested parties would be happy to deal, again, with the biggest Internet company in the world.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.