USA
Alphabet Inc’s (GOOGL.O) Google said on Wednesday it will ban advertisements for cryptocurrencies and related content starting in June.
In 2017, popular cryptocurrency Bitcoin searches dominated Google’s most searched terms and questions for the year.
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 Inc (FB.O) 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.
00:41
Nigerian authorities pursue legal action against Binance and executives
01:28
The April Fool's webservice that's gone on to fool no one for 20 years
01:10
Fallen crypto mogul Sam Bankman-Fried gets 25 years jail term
01:16
US tech giants absolved in cobalt child labour case
Go to video
Google denies Gmail is shutting down after viral hoax
Go to video
Google to avoid dangerous routes in South Africa