This seems not new after facebook bans the advertisements of crypto-related services on its platform now google followed and this will take effect in June.
ads for the following will no longer be allowed to serve:
-Binary options and synonymous products
-Cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice)
Seems coinzilla and cointraffic are happy with this news since most crypto related services/sites/projects will move from google ads to this platforms. This might take a huge effect to the market or maybe will not. What do you think about this one?
Source:
https://support.google.com/adwordspolicy/answer/7648803Yes, Google now bans advertisements about cryptocurrencies such as bitcoin and ico. This is bad news for cryptocurrencies. It caused the price of bitcoin to fall. I don't think it's good for Google, it reduces the revenue stream.