Google Ban Cryptocurrency Ads: Google will ban the advertisements related to cryptocurrencies and Initial Coin Offerings from June. In its updated policy on Wednesday, this decision of banning ads for the cryptocurrency, Initial coin offering and other related content to crypto was made. Google also celebrate Pi day today with a doodle of an apple pie where a mathematical calculation explaining the value of pi was shared.
The ban on cryptocurrency ads is a similar step taken by Facebook Inc. in January. the two largest web-ad sellers were made out of reach of the nascent digital-currency sector in Facebook. Bitcoin, the largest cryptocurrency by market value is traded all over the world which has got huge ads on the internet.
Google: Banned Crypto Ads:
Facebook, Google’s primary rival for ad dollars, banned ads for cryptocurrencies in January. Some aggressive businesses found a loophole: purposely misspelling words like “bitcoin” in their ads. A Google spokeswoman said the company’s policies will try to anticipate workarounds like this.
Google is also accelerating a push against misleading content. The company suspended 7,000 customer accounts for ads that impersonated a news article, what Google calls “tabloid cloaking” and blocked more than 12,000 websites for copying information from other publications. Like this way, Google team has decided to block the cryptocurrency ads from June.