Google is set to ban Cryptocurrency related ads later this year

Google has confirmed that they plan to ban all Cryptocurrency related adverts on their AdWords platform in June, including advertisements for ICOs (initial coin offerings), Cryptocurrency exchanges, wallet providers and more.    

In addition to this change, Google has also banned ads for binary options, forex and financial spread betting, tightening their restriction on advertising for financial services. Back in January Facebook announced similar plans, which include similar bans on cryptocurrency advertisements on their platform, stating at the time that many of these ads are associated with misleading or deceptive practices as well as other online scams. It is likely that Google is implementing their own ban for similar reasons. 

In recent weeks Bitcoin has dropped once again to under $10,000, dipping below $9,000 at the time of writing as a result of this news. This news is not expected to break the cryptocurrency market, though it will undoubtedly help fight the tide of cryptocurrency scammers which have hit the internet en masse in recent months.