Bitcoin Down After Google’s Decision To Ban Cryptocurrency Ads From June

Cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice)

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Bitcoin, world’s largest cryptocurrency, dropped to month’s low after Google announced that it will ban the cryptocurrency related advertisements from June 2018.

The Bitcoin was trading at USD 8,250, recovering slightly from the low of USD 7,783, according to CoinMarketCap.

“Advertisers offering Contracts for Difference, rolling spot forex, and financial spread betting will be required to be certified by Google before they can advertise through AdWords. Certification is only available in certain countries,” Google said.

Facebook had banned cryptocurrency ads saying, misleading or deceptive ads have no place on Facebook.

In June 2018, Google will update the Financial service’s policy to restrict the advertisement of Contracts for Difference, rolling spot forex, and financial spread betting. In addition, 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)

Ads for aggregators and affiliates for the following will no longer be allowed to serve:

  • Contracts for Difference
  • Rolling spot forex
  • Financial spread betting
  • Binary options and synonymous products
  • Cryptocurrencies and related content.

Advertisers offering Contracts for Difference, rolling spot forex, and financial spread betting will be required to be certified by Google before they can advertise through AdWords. Certification is only available in certain countries.