Encouraged by country leaders and banks, major advertising companies have been banning cryptocurrency related-ads on their platform due to the uncertainty surrounding scams and illicit activities using crypto. Facebook already implemented its ban, and now Google will ban cryptocurrency ads on its platform, the company announced today. Based on the company press release, this will be effective as of June 2018. This is big news for cryptocurrencies everywhere.
Google, makes almost 84% of its total revenue from ads, so its announcement to ban any advertising regarding initial coin offerings (ICOs), trading advice and wallets, is weighted. …
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