Cryptocurrency

Google still shows Cryptocurrency Ads after March 14 ban, WHY?

(Last Updated On: April 4, 2018)

#CryptocurrencyAds | #BitcoinInvestment

Tech giant Google at the last check was showing cryptocurrency adverts after its March 14, 2018 ban.

The big G followed the footsteps of Facebook, which said its decision to ban crypto-related ads was aimed at reducing fraudulent Initial Coin Offering (ICOs), which had literarily taken over Facebook and Google’s AdWords.

Millions of dollars had been lost in the process because inexperienced first timers had jumped on the wrong ship.

Research conducted by our team April 4, 2018 (15:22) showed that Google Ads were still showing on crypto-related posts on the internet.

It would be recalled that Google’s Director of Sustainable Ads, Scott Spencer, announced the ban in a blog post entitled “An Advertising ecosystem that works for everyone.”

Cryptocurrency, binary options , CFDs were under Google’s searchlight and made it known that it’s making effort on “new policies to tackle emerging threats.”

Spencer said, “This year, we updated several policies to address ads in unregulated or speculative financial products like binary options, cryptocurrency, foreign exchange markets and contracts for difference (or CFDs).

“We also updated our gambling ads policies to address new methods of gambling with items that have real-world value (e.g., skins gambling).”

With the ongoing running of cryptocurrency ads on Google’s publishers sites, it can only mean two things:

1) The current crypto ads had already been paid for before the banning announcement. This means that new ads in that line may not be accepted.

2) It could also means that Google is having a rethink over crypto-related ads. If this is the point, will Google come back to tell its users why?

Our thought:

Facebook, Google, and twitter have all taken great decision to protect their platform users. But we have found out that major cryptos like bitcoin, ethereum, litecoin do not really need ads.

They are already known.

Anyone who says he doesn’t know or haven’t heard about bitcoin must possibly be a non-social media user, or doesn’t use the internet.
What’s your thought about value of cryptocurrency at the moment?

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