Google Updates policy allowing bitcoin and crypto assets trust to be advertised.

[MusaMohamed]

It's another big huge step forward for the crypto community because this kind of exposure with Google is something that we really need this time and it will shut all hostile groups on spreading bad rumors against Bitcoin because it is now partnered with strong and decent companies such as Google. Now we are going to have more on the boat because Google ads are everywhere and no one could deny its popularity. This timing is nice since we are in the Halving season and it can create a good atmosphere for the investors and they might gonna buy more bitcoins just because of it.

Google let many scam advertisement on their platform and it's not rare to see phishing sites appear at top results if we Googling to find a website.

Their mobile application store (Google Play) does not have good security and filtering protection for users because we can get fake applications if we search in Google Play.

Google's approach in the past is against Bitcoin and cryptocurrency because they don't want to have problems with government and regulation. When they see regulation is cryptocurrency friendly, they will smell chances to get money and we are witnessing how they will get money from cryptocurrency advertisement.

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[MFahad]

Nobody cares about their update anyway. They and Facebook cause FUD some few years back by banning crypto related ads for no proper reason, yet they would still allow phishing scams and Ponzi schemes to be advertised, and now they made a U turn?
I have just one word for them, clowns! 🤡

you are so right about them allowing scam and phishing ads. specially facebook and twitter, they are filled with phishing ads. twitter is full of fake airdrop ads and they don't even care.
anyone can promote anything using google ads and they pretend to be strict and regulated. they are nothing but jokes.
but still a lot of people making a living out of them with working on google adsense.

[m2017]

From the 29th of January Google allowed to advertise cryptocurrency assets and Bitcoin which may help to make Crypto and bitcoin more popular and as in result adoption of cryptocurrency may increase. These kinds of news put trust in investors and they rush to invest in bitcoin as ETF also has been approved.

And who will advertise bitcoin on Google? Satoshi Nakamoto? Bitcoin doesn't need direct advertising.

This permission will allow shitcoins to be advertised, which will make scammers (and Google based on advertising fees) richer through advertising.

Cryptocurrencies and related products ....>>Here is the link where you can read the policy about the update. Must read. well before that Google never allowed advertisers to advertise  Cryptocurrency assets I think it could be a good update for the crypto space. What do you guys think about it? Must share your opinion many Thanks

News like this makes me think that we are slowly moving towards the beginning of the hype around cryptocurrencies if large corporations begin to change their policies. Or is it due to the approval of Bitcoin ETF and the simple greed of corporations wanting their share of the crypto-pie?

[Fivestar4everMVP]

Am I the only one who feels that allowing advertisements will promote fraud, since most cryptocurrency projects are high-risk investments and involve fraud, especially with Google’s policy of tracking fraudulent projects and slow closing or deleting them?

I believe that every thing that is good also have a negative side, putting aside the facts you've mentioned, which is in the area of fraud, phishing, and scams coming to a significant increase in number again, can we also try to look at the benefits that the ban lift will bring to the cryptocurrency ecosystem and market?
With the bitcoin ETF already approved, and the next bitcoin halving already getting closer and closer, and with Google lifting the ban on cryptocurrency advertisements, which may possibly cause also big platforms like Facebook to follow sort, I think the next bull run will be massive, and may Last for a long time, since we may likely see a wave of brand new people coming into the space.

All I think we have to do is to start educating our loved ones and friends who are yet to join the space, on the importance of research and possibly asking questions before hopping into any project, to avoid losing money to scam and phishing sites.

[nimogsm]

From the 29th of January Google allowed to advertise cryptocurrency assets and Bitcoin which may help to make Crypto and bitcoin more popular and as in result adoption of cryptocurrency may increase. These kinds of news put trust in investors and they rush to invest in bitcoin as ETF also has been approved.

Cryptocurrencies and related products ....>>Here is the link where you can read the policy about the update. Must read. well before that Google never allowed advertisers to advertise  Cryptocurrency assets I think it could be a good update for the crypto space. What do you guys think about it? Must share your opinion many Thanks

This is both good and not very good at the same time. The good thing is that the popularization of cryptocurrencies will not be superfluous and it will be nice if good projects are advertised on the large Internet and at the same time this is an ideal opportunity for scammers to advertise their projects, remember how in 2017 how many there were advertisements for dubious projects. I am more interested in how moderation will take place and the selection of projects and who will be released for advertising.

[snowpega]

This is both good and not very good at the same time. The good thing is that the popularization of cryptocurrencies will not be superfluous and it will be nice if good projects are advertised on the large Internet and at the same time this is an ideal opportunity for scammers to advertise their projects, remember how in 2017 how many there were advertisements for dubious projects. I am more interested in how moderation will take place and the selection of projects and who will be released for advertising.

I would love it if Google advertise only trustworthy projects or currencies like bitcoin as you said aforementioned about scammers so I believe that if everyone starts to promote their projects through Google services even if those projects are shit or scammable the crypto space will be more terrible more than we can except. As there are still many cases where many of the users fall prey to scams or they have to face hackers who steal their money through many techniques like phishing etc... So, It will be best if Google runs ads for trustworthy projects.

[BitcoinTurk]

Companies that have imposed serious sanctions, restrictions, criticized and banned cryptocurrencies and related content in the past years have now started to take various positive actions about Bitcoin and other cryptocurrencies, one by one because they were forced to do so. If a business cannot keep up with change, it quickly comes to an end and Google as a business that is aware of this has made such a decision. Of course, this is just my opinion but the fact that a company that banned content related to cryptocurrencies years ago has made such a decision today also indicates this. I hope that other major digital platforms and companies will also keep up with this change and positive news in this direction will come one after another.

[tygeade]

Google have big business ecosystem and any policy change potentially can affect their business. It is not harmful if they don't accept cryptocurrency because they still can earn money from other products.

If they accept cryptocurrency while legal status is unclear, their business will have potential damage.

Similarly to Google, I believe some big audit companies will soon join cryptocurrency market. The Bitcoin Spot ETF approvals from SEC. are like unofficial announcement that the legal environment for cryptocurrency now has become more friendly and legally in the USA. Top 4 Audit companies will not refuse chances to join this potential industry if they see risk is already eliminated legally.

I have to say it has to be a slow process as well because they have probably a billion lawyers as well, so that means they will have to go through legal system to make sure that everything they are doing would be based on the book. They can't afford to do anything that could be considered even a potential of case, they have to make it all legal one by one without any single shred of doubt left.

This means, it will take time for lawyers to go through the system and the changes and approve or reject these before they could make the changes. This is why it's important that we take the win on this one, it's a good thing because they have spent some good time checking these out and they are adding it meaning they found nothing wrong with it.

[0t3p0t]

From the 29th of January Google allowed to advertise cryptocurrency assets and Bitcoin which may help to make Crypto and bitcoin more popular and as in result adoption of cryptocurrency may increase. These kinds of news put trust in investors and they rush to invest in bitcoin as ETF also has been approved.

Good news and bad news for the cryptocurrency community. Good news is that people who uses google applications can now see crypto and Bitcoin ads that may increase the possibility of adoption. Bad news is that scammers will harm the stability of this approval from google. But I think ads will undergo intensive analysis if it really qualify to advetise and won't harm the crypto community and of course the reputation Google has.

[kentrolla]

i also recently saw Stake.com was advertised on google. the images i remember was Adesanya and the ad going to Stake.com. looks like the big tech now flipped, the news about facebook doing the same was months ago so i think when all the ICO projects are coming to be advertised on these platforms to make people invest in crypto, the price of BTC and altcoins are going to be massive. it could be a bullish market for the whole 2 years.

These tech giants can do anything to compete with each other and money, I am sure they are not flipping around because they embrace or trust crypto but to make more money and to compete with their competitors. When they started banning and removing crypto related ads it created a fud but we are surviving hence I don't think this will have much impact on crypto industries but this would be an opportunity for the scammers to start more ICO and advertise them of Google to gain trust of users.

[Sebas.tian]

This is good news, of course, but not a big deal. In the first place, it isn't really Bitcoin that will be advertised. It's platforms of all kinds that are trying to make money out of Bitcoin's popularity. Rather than Bitcoin itself, the ones that would buy ads are actually centralized services, many of which might not even share Bitcoin's philosophy. And worse, many of which might even just be phishing sites and other scams. Google, after all, isn't that strict in screening ads.

Bitcoin has dominated all over the world, and there is nothing anybody can do to stop Bitcoin because many investors have got a lot of wealth through Bitcoin and what google just displayed will increase Bitcoin investors in the world.  For Google to give massive support to cryptocurrency in the internet, show that those doubting that cryptocurrency will not last long will be convince with this good news google spread to encourage cryptocurrency investors. But there is no way you can stop scammers not to try their best in any online but if everybody can make their personal details safe from scammers, and it will be difficult for investors coins to be put in danger.

[snowpega]

Good news and bad news for the cryptocurrency community. Good news is that people who uses google applications can now see crypto and Bitcoin ads that may increase the possibility of adoption. Bad news is that scammers will harm the stability of this approval from google. But I think ads will undergo intensive analysis if it really qualify to advetise and won't harm the crypto community and of course the reputation Google has.

Indeed you raised a very good point like you said that the adoption may increase due to the adoption of Google services and on the other hand, these kinds of ads may leads to open the door for scammers and the chances of being scammed may increase due to these ads in the crypto space.

As far as I remember once I created the thread where I shared the report of some recent years where the graph shows that what was the net amount that was scammed in recent years in the crypto space. here is the link to the thread....>>>[Guide] What is recommended to follow "Social Media Or DYOR" in the crypto world. well, let's see where this Google service leads us to. I was watching YouTube yesterday and it was also showing me the crypto ads... things are changing in the crypto space.

[glendall]

This is good news for crypto owners, with bitcoin advertising being permitted again/in search, at least there will be more information provided by bitcoin observers to beginners who want to enter the bitcoin community.