Google Bans Cryptocurrency Ads

The tech giants have had enough of cryptocurrency ads.

Starting in June, Google will ban all cryptocurrency ad across its flagship search and display ad businesses; Facebook rolled out a similar ban in January.

Google will no longer serve ads related to cyptocurrencies and related content, "including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice," the company said in a blog post.

Google announced the policy modify along with its latest "bad ads report." Co-ordinate to Scott Spencer, Google's Manager of Sustainable Ads, the company took down more than iii.ii billion ads that violated its ad policies in 2022. "That's more 100 bad ads per second!" wrote Spencer. The report states that Google blocked 79 one thousand thousand ads serving malware, and removed 320,000 publishers from its ad network for policy violations, amidst a bevy of other stats.

The report also talks almost Google fighting deceptive content and "unregulated or speculative financial products," which is where cryptocurrency ads come up in. The volatile cryptocurrency landscape has been plagued by countless ICO scams and a bang-up bargain of disingenous and misleading marketing, much of it appearing on the 2 largest online ad platforms: Facebook and Google.

The search giant'due south ban is a particularly far-reaching crackdown. Google's brandish ads appear non simply in search results, just across the cyberspace. Its Display Network places ads on other websites, in mobile apps on smartphones and tablets, and of course on Google-owned properties similar Gmail, Google Play, and YouTube.

As agencies like the SEC eye sweeping regulations for cryptocurrencies and ICOs, we'll proceed to see more law and order ride into what has thus far been the cryptocurrency Wild W. The SEC has already warned celebrities that they need to disclose if they're promoting a cryptocurrency in the wake of recent impersonation scams.

For at present, Facebook and Google have at least put a cease to scammers trying to dupe your grandparents into using their retirement funds to purchase Bitcoin.

Well-nigh Rob Marvin

Rob Marvin is PCMag'south Acquaintance Features Editor. He writes features, news, and tendency stories on all fashion of emerging technologies. Beats include: startups, business and venture majuscule, blockchain and cryptocurrencies, AI, augmented and virtual reality, IoT and automation, legal cannabis tech, social media, streaming, security, mobile commerce, M&A, and amusement. Rob was previously Assistant Editor and Associate Editor in PCMag's Business concern section. Prior to that, he served as an editor at SD Times. He graduated from Syracuse Academy's Southward.I. Newhouse School of Public Communications. Y'all tin also find his business and tech coverage on Entrepreneur and Flim-flam Business. Rob is also an unabashed nerd who does occasional entertainment writing for …

Source: https://sea.pcmag.com/news/20073/google-bans-cryptocurrency-ads

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