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Google to Ban Ads on Cryptocurrencies, Related Products

Google to Ban Ads on Cryptocurrencies, Related Products

By Reuters | Updated: 14 March 2018 13:57 IST

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Highlights

The ban on crypto-ads will commence from June
Improving the ads experience across the Web our top priority: Google
In January, Facebook had said it will ban cryptocurrencies-related ads

Alphabet's Google said on Wednesday it will ban advertisements for cryptocurrencies and related content starting in June.

Under the new policy, the company will ban ads for unregulated or speculative financial products like binary options, cryptocurrency and financial spread betting among others.

In a separate blog post, Google said it took down 3.2 billion ads that violated its advertising policies in 2017, nearly double the number of ads it removed in 2016.

"Improving the ads experience across the web, whether that's removing harmful ads or intrusive ads, will continue to be a top priority for us," Scott Spencer, director of sustainable ads, said.

In January, Facebook said it will ban ads promoting financial products and services tied to cryptocurrencies and initial coin offerings.

The policy will be implemented across its platforms, including Facebook, Audience Network and Instagram, the company said.

© Thomson Reuters 2018

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Further reading: Internet, Cryptocurrency, Google, Alphabet, Google Ads