Google, the internet heavyweight, filled the cryptocurrency space with fear when it announced it will impose a ban
on cryptocurrency ads from running on their platform.
Not exact matches
Aside
from ads, social media firms like Twitter will have the difficult task of addressing fake
cryptocurrency news
on their own platforms.
After declining sharply amid an onslaught of negative news (including an announcement by Google that it would no longer accept
cryptocurrency - related
ads, which strikes us as an utterly absurd decision), bitcoin made a short term low in March 18 at $ 7,325;
from there it rose to a short term peak at $ 9,188
on March 21.
A top official
from the Manitoba Securities Commission praised Facebook's ban
on ads for ICOs and
cryptocurrencies and said Google should follow suit.
After, Google, Twitter, and Facebook individually decided to put a ban
on the ICO and crypto based
ads, now the baton has been taken over by the e-mail distribution company MailChimp told that it would be banning marketing campaigns for
cryptocurrencies and initial coin offerings
from next month.
On the very next day, March 13, Google officially announced to ban
ads related to
cryptocurrencies and ICO and other financial services, starting
from June.
Plus, social media and online giants such as Facebook and Google, have recently banned
cryptocurrency ads from appearing
on their platforms.
It is the dawn of a new era
on Twitter as the microblogging company is all set to blacklist all
cryptocurrency ads from Tuesday.
Google's decision follows a similar move it made over
cryptocurrency ads on its platform
from June.
While internet advertising giants have taken a stance
on cryptocurrency ads, a report
from SimilarWeb says that only around one percent of traffic to
cryptocurrency exchange websites comes
from ads.
The ban
on cryptocurrency ads will ideally stop scammers, but Twitter will allow some
ads to appear as long as they're
from a recognized or licensed institution.
After Google made an official announcement to ban the
cryptocurrency based
ads on its platform, starting
from June, it seems like Twitter has taken over to show full support.
If you do not remember anything else
from this article, let this be your main takeaway: please DO NOT Google
cryptocurrency related sites and click
on the top
ads results.
In a blog post
on Tuesday, Google announced that it would follow in Facebook's footsteps and ban
cryptocurrency ads from its network, beginning in June.
Bans
on cryptocurrency ads won't deter those who are curious about the industry
from researching it
on their own.
If true, the move closely tracks similar decisions by Google, which banned
cryptocurrency - related
ads from appearing in its
ad networks this week, and Facebook, which did the same in January as part of a crackdown
on «financial products and services that are frequently associated with misleading or deceptive promotional practices.»
Bitcoin Gold is the outperformer of the day among all the major
cryptocurrencies on Saturday even as it lost more than 26 percent for the week which saw all the cryptos crashing like nine pins ater the Google
ad ban announcement which is expected to come into effect
from June this year.
The move follows last year's announcement
from VKontakte that it would allow
cryptocurrency advertising
on the platform — a sharp contrast with Facebook's and Google's more recent decisions to ban crypto - related
ads.
Blockchain.info, one of the top Bitcoin wallets, which Alphabet Inc. invested in via its GV (formerly Google Ventures) arm, is now guaranteed to be restricted
from AdWords due to the ban
on ads of «
cryptocurrency wallets» — that is, assuming Google is not going to violate its own policy.