Google Is Banning Cryptocurrencies In June

Google Cryptocurrency Advertising

Google removes 100 “bad” ads per second.

On the bigger scale, that’s roughly 3.2 billion ads removed in the year of 2017 (1).

That’s crazy.

Google Updated Their Ad Policy

Most of you have probably heard of the scams in Cryptocurrency…

(Hopefully you weren’t apart of any.)

Recently, Google released a change in their ad policy that is going to restrict pretty much all of Cryptocurrency related advertisements:

“In June 2018, Google will update the Financial services policy to restrict the advertisement of Contracts for Difference, rolling spot forex, and financial spread betting. In addition, ads for the following will no longer be allowed to serve:

– Cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice)”

This pretty much means that any advertisements relating to ICOs (initial coin offerings), day trading, price, wallets, etc. will be taken down immediately…

Will this hurt companies that are actually bringing real value to the table? Only time will tell.

To read their full updated policy, check it out here:
Google’s Updated Policy

What Does GCA Think of This?

Cryptocurrencies will succeed.

Do we know which ones or what technology? We can’t truly say right now – there are many unknowns…

We feel that Google, even Facebook, and other companies are protecting their user base.

Scams will arise in any new thing. We’re still in a gray area in which these companies pretty much don’t fully know what to do with Cryptocurrencies yet.

Once things become more clear and mass adoption sets in, who knows what the industries are going to look like. By then, more people will know how they work and see the true value.

Overall, we aren’t worried about this and see it as these big companies just playing it safe and protecting their users from scams and what not.

Thanks for reading,
The GCA Team

 

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March 14th 2018, 20:38

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