With news of Google banning
cryptocurrency - related
ads and the International Monetary Fund advising increased regulation
on the asset, the price of Bitcoin, Ethereum, and Ripple continued their slide Thursday, wiping out about $ 499.2 billion of the market value of over 1,500
cryptocurrencies since their collective all - time high in
early January.
Reddit told The Verge in a statement, «
Ads for
cryptocurrencies and ICOs have not been allowed
on Reddit since
early 2016... Sections II.5 and II.6 of our advertising policy prohibit «improbable, or unsubstantiated financial products and services» and «the promotion or advertisement of single securities or other tradeable financial assets.