Google too closing crypto ads

[Rotsor]

Nice, these platforms were nonetheless being used for promoting scam icos and websites. Don't know how many people got hacked or lost their coins due to visiting a phising site through these ads.

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[YinShuiSiYuan]

It can have a positive effect. Perhaps the number of ICO frauds will decrease, and the best and most promising projects will have better development opportunities.

[waorana]

This is bad news for the whole cryptocurrency industry. For a few months the big banking giants, facebook, instagram and others are trying to fight this sector in every way, now Google is added. I think they are the main cause of this market crisis but they will not be able to stop this great revolution

[Kate Beckett]

Google and Facebook did not make such a decision themselves. They are pressured by the FBI. It's hard for the FBI guys to control financial flows organized through crypto-currency resources, so they hide behind supposedly good intentions to save investor's capitals. In fact, they want to use Google to calculate the miners and crypto-currency traders, in order to cover their activities.

[vv181]

I simply cannot believe it until they make an official statement. Maybe the banned account is violating some google rules and  got banned instead of advertising a cryptocurrency related things.

[aoluain]

I'm not sure this is a blanket ban on all Cryptocurrency ads, we must
wait for an official google announcement before pressing the PANIC
button.

Here is the opening line from the report

"Some advertisers using Google Adwords to promote cryptocurrency
related businesses are seeing a drop in their ad views, with other users
posting about suspension of both their ads and their accounts, Finance
Magnates reported on March 8."

Im taking the most important word of that opening sentence at the
moment to be SOME!

[[soks]]

This is very very bad news. If google really closes the advertisement it will be the strongest blow to the crypto-vault. I hope this is a fake.

[lorapalmer]

I got an impression that google blocks only unreliable ico. So it is a good tool for us to check the reliability of ICO and sort out the scams.

[NeuroticFish]

I got an impression that google blocks only unreliable ico. So it is a good tool for us to check the reliability of ICO and sort out the scams.

This is what I wanted to also say.
And with the news about miners hidden inside ads, Google had to make a move, at least to tell "we are looking into all this crypto thing, don't worry".

[cynical]

I wouldnt start panicking just yet.
there is nothing coming officially from the google camp yet.
realistically how can google determine which ICO is legitimate and which is not?
There are other google platforms which legitimate ICO's can use to advertise their project without using the adwords such as Youtube, Google+ and Blogger.

[cryptotnak]

Good idea,so that these scammy ICOs wont have any  chance to solicit money from noob investors.Might be a good idea for our community and for those bounty hunters because they are the last resort of these ICOs to get promoted,no facebook ads and google ads will be a good advantage for us because bitcointalk will be the choice of these ICOs.

[easynote]

It can have a positive effect. Perhaps the number of ICO frauds will decrease, and the best and most promising projects will have better development opportunities.

If Google targets crypto then they should remove what they said about Bitcoin. Bitcoin and other coins are forms of crypto.

[eMusic]

It can have a positive effect. Perhaps the number of ICO frauds will decrease, and the best and most promising projects will have better development opportunities.

Exactly
and it should be noted (I'm sure it has, I'm just late to post) that these platforms (Google) were essentially being used for promoting illegitimate(scammy) ICO's and websites. Who knows how many people got hacked or got personal sensitive info stolen or $$ stolen... Easily close to 100K people


: )

[joselitobayagbag]

Very good move from google it will only lessen these scammy ICOs,they shouldnt be given any chance to scam a lot of noob investors beause these people wont stop until they are caught,making money easily and scamming a lot of people is a sin which is punishable by the law which can be either lifetime imprisonment or death penalty.

[Kippah]

I am collecting large dataset to better understand how you invest in ICO. We want to start a community due diligence project, which could provide better information about ongoing ICOs and protect you from the scam ICOs. Let's get rid of the bad ICO apples!

In order to do that I need your help! If you ever invested in ICOs (at least one) fill in this survey (won't take you more than 5 minutes.) May the blockchain be with you!

https://tilburglawschool.eu.qualtrics.com/jfe/form/SV_3sCWmLd0wY1OK3P

[loloy]

There are thousands of people and investors who are being scammed by fake ICOs and because scammers can afford to place their fake ICO ads on Facebook, Google and other social media that has high volume of traffic everyday.
That's why Facebook and Google will soon close their doors on ICO ads and promotions because they don't want to be blamed from people who fall on scammers' trap because it's too good to be true when people read ICOs on Facebook and Google's ads and they can put easily their trusts on it.

[marcripto]

I read with great regret that even Google has joined the power group that is waging war on the cryptocurrency market. This new market is very annoying for the great world powers, but they too will use the blockchain in the near future

[arditiyan]

yes, I read this news in many media, I think google started to ban the circulation of cryptocurrency ads, maybe google is getting threatened for its position as a digital advertising giant along with facebook

[modtakels]

Good news so these scammy ICOs wont be able to use the legit google's advertising program,it will help our community because these scam ICOs will soon be lessen and eventually erased from our environment,ICOs needs regulations so that there will be no one to who will attempt to create or launch scam ICOs in the future.

[rumexx]

Following the lead of Facebook, Google found suspending accounts, funds relating to ICO.
Google's adword platfrom was one of the prime choice of ICO and now it's getting ever more difficult for Project to get places to advertise.

https://cointelegraph.com/news/crypto-advertisers-on-google-adwords-report-ad-suspensions-and-account-terminations

The day seems not far facebook and twitter blocking the post links related to ICO.

If its true many scam ICO will lessen but do you think google would reject if the offer of payment is too high? for banning the ICO in the google I think this one is a fud so that many investor would panic to sell their coin in a cheap price and many people would buy on the lower price then they will have a huge profit when the price goes up.

I am supporting  this ban because it reduces scam and fake ICO. This is good for the cryptocurrency world as only genuine and well articulated  project will be sent out to the investing world. Expose the scammers let them leave the stage.