Google announced it would change its product policy in June this year, a move that would effectively ban ads related to digital currencies.
The company indicated that it would change the current list of financial product restrictions in June this year, in a publication on a blog published on Tuesday, listing the content of the ad blacklisted, including, for example, (without limitation) ICOs), digital currency trading platforms, currency portfolios, and trading tips. "As stated in the publication:
"These ads will no longer be allowed to show"
This restriction will apply to both the Company's advertising platforms and franchises. The move comes just a month after Facebook's social media giant announced it would apply a similar policy that bans bitcoin and initial currency support in an effort to prevent bitcoin-related promotions that could fool investors. While Google has not explained in detail why it was banned, the new policy comes at a time when regulators in the United States are increasingly scrutinizing digital currency projects that promote unrealistic investment opportunities and promote themselves to online investors.
On the other hand, the latest moves by Google and Facebook - one of the world's largest Internet platforms and advertising - are in line with the efforts of US regulators at the state and federal levels to break down currency support that looks suspicious in the eyes of the government. As mentioned earlier, the SEC also issued multiple warnings regarding its increasing efforts to monitor currency support operations that the agency may consider unregistered.
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