Following Facebook, Google Plans A Ban on Crypto Ads From June ’18

[coinocean03]

Starting June ’18, Google will ban “Cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice)”. That’s what the Google advertisement policy update reads.

The cryptocurrency and blockchain space is expanding at an alarming rate; according to Miko Matsumura, co-founder of the Evercoin Cryptocurrency Exchange, about 30 Initial Coin Offerings (ICOs) go live every single day. More astonishingly, he claimed that 1 billion ICO projects have raised money to date. That’s a huge number considering the inception of Bitcoin, the first blockchain-backed cryptocurrency, took place only in 2008.

Many fraudulent organizations have taken advantage of the ICO hype and unscrupulously cheated unsuspecting investors into investing in fake ICO projects. A lot of cheap tactics like “pumping and dumping” are also carried out by these scammers, making some quick buck at the expense of innocent people’s wallets. Facebook recognized the potential for much bigger scams and implemented a ban on ICO & cryptocurrency ads last month. Unfortunately, legitimate crypto projects – ones that have actual use cases – will bear the brunt.

Since advertising is the major source of revenue for Google, it has to strive to ensure that its search engine platform is a safe and secure environment for potential advertisers. It is for this reason that Google will also be banning ads for binary options, forex and financial spread betting.

Google has decided to implement the same strategy by banning all ads linked with the crypto space. Google also said aggregator and affiliates using Google ads will not be allowed to host promotional material related to cryptocurrencies.

“We don’t have a crystal ball to know where the future is going to go with cryptocurrencies, but we’ve seen enough consumer harm or potential for consumer harm that it’s an area that we want to approach with extreme caution” says Scott Spencer, Google’s director of sustainable ads, while talking to CNBC.

There have been unconfirmed news about twitter who's going to follow the trend.
Sky News reported on March 18, that Twitter is considering implementing a ban on cryptocurrency-related advertising in two weeks.

[sourish]

A very sane and reasonable article, cautioning without creating panic, we need this kind of awareness to understand the reasons behind certain necessary steps taken by names trusted by most till now.

[ICO Lancer]

Makes sense and I think it's fair to assume other sites will start banning crypto ads as well eventually.

Twitter, for example, and so on.

[Jimmy palumbo]

I think it is a good news for a long time, because it will make the encryption currency markets more legalized, encryption money market obviously attracted the attention of the countries, so I want to present a bull market comes, people will be more crazy.

[mpufatzis]

In the end, they will all issue their own coin. I'm 100% sure about it. 

[ZaynDale]

Facebook and Google already had announced that they're no longer accepting any ico or Cryptocurrency related ads and promotions on their platforms so it's really a bad news for ICO and Crypto organizers that they could no longer promote their ICO information using the top social giants.
But, the good news is, they could still promote their ICOs inside this forum because members have more knowledge about Crypto and ICO stuff.

[Jackypot]

It's a matter of time, for twitter and youtube to start banning that kind of content

[heritage35]

One thing i have known is that if a way closes, another will open. Not opening for scam ICO, but for legit ICOs. I think whichever platform that will later be use for ad, after which Facebook , Google and other Social media platforms have fully taken to effect the banning process, platforms should try as much as possible to carryout reviews on some of these projects before any advert can be done.

[auliahr]

facebook, google and twitter, is already a complete problem we face. this is the challenge we have to solve and I think we should move to social media based on blockchain. but we must remember that nothing can stop the growth of crpyto.

[Newboybb]

Facebook, twitter, Google is currently banned encryption advertising of money market, so this for the whole market is undoubtedly a great challenge, there is no new money in maintaining this huge market, so will continue the bear market.

[Jackulero]

This is great,so these ICOs wont have any chance to scam more people in the future,less advertisement less successful ICO scam projects.So it will really help our community to remove or to lessen these scam projects because its really polluted by these schemes, i personally love to see the community with less scam proejcts!

[Venue101]

Though they may try. Nothing can stop crypto.

[Adreman23]

they banning crypto ad but how about allowing porn images/videos, nonsense post, fake news, fake profiles? how about scammers not related in crypto like online selling scam, online investment scam?We live in the dark sinful world no one can stop bad people for doing bad things.