Google shocked the cryptocurrency market with its updated financial products policy. According to the announcement, the largest international corporation made up its mind to disable digital currency advertising. At the same time, the Bitcoin value keeps its previous tactics – a gradual markdown.
"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," Scott Spencer, Google's director of sustainable ads, told CNBC.
Read the details in the article of Coinidol dot com, the world blockchain news outlet:
https://coinidol.com/google-to-ban-cryptocurrency-ads/
I am not surprised by this. Google disabling ICO ads following Facebook is the clearest picture I have seen long before this news came out. It is because up until this moment, corporations, partnerships or entities still look for ways to generate public number through policy-making strategies and see how the public react to massive/substantial changes. It is just like testing waters in every sense of the word. Having said this, we have to look for what is next because surely Google just wanted to see for themselves how this new change affects its clientele. Do not be too consumed by its ban because once the heads realize how a huge chunk of the populace is directly/indirectly affected by it, they will look for means to revert the usual. Of course, they do not want their company to be paralyzed just because of ICOs.
