Crypto Chronicle
  • Home
  • News
  • Experts Unhappy About Google Crypto Ban
News Regulation

Experts Unhappy About Google Crypto Ban

bitcoin behind prison bars

Google has released a policy banning all adverts relating to cryptocurrency on all its websites and apps. Experts in the industry have called the move unethical and heavy-handed.

Earlier this year Google announced the new restrictions in its official support blog, stating that updates to its Financial services policy will restrict advertisements for cryptocurrencies and related content (including ICO’s, exchanges, wallets and trading advice).

The restrictions also encompass other controversial financial instruments such as CFD’s, spot trading, binary options and spread betting. However, certifications can be obtained to allow advertising for some of these products.

Self-interest Speculation

Some have speculated that the ban has been implemented in order for Google to benefit from the release of its own cryptocurrency in the near future, considering that they still allow advertising of gambling and other related practices.

The restrictions come in light of recent research suggesting that as much as 80% of ICO’s are scams or fraudulent. While admittedly this presents a challenge to advertisers, each case should be addressed individually. A blanket ban such as this simply makes an otherwise honest industry look bad.

Image From Shutterstock

Related posts

Tokyo-based Coincheck to Delist Monero, Zcash and Dash

Mark Hartley

Ethereum’s Vitalik Buterin Questions IMMO and the Rothschilds’ Power

Mark Hartley

Major Crypto Exchange Binance Blocks Withdrawals for UK Customers

Mark Hartley

Leave a Comment

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.