Ads for cryptocurrencies, ICOs, wallets and exchanges will be blocked from June to prevent scams, following Facebook’s move in JanuaryGoogle will ban all adverts for cryptocurrencies, including bitcoin and initial coin offerings (ICOs), as it seeks to “tackle emerging threats”. The ad ban will come into force from June as part of a clampdown on unregulated financial products. The move follows similar bans made by advertising rival Facebook, which banned all cryptocurrency and ICO adverts in January after finding that many were being used to scam potential investors. “As consumer trends evolve, as our methods to protect the open web get better, so do online scams,” said Scott. Bitcoin was trading at around $8,800 at the time of publishing, according to data from Bitstamp.

Source: The Guardian March 14, 2018 11:29 UTC