«Google and Facebook Are Banning Bitcoin Ads
Facebook prohibited ads, connected with Bitcoin, in the purpose of fighting various fraudulent content about digital assets. That happened two months ago and since then we haven’t see any Bitcoin-related ads on Facebook.
Google has recently joined Facebook in prohibiting advertisements, related to Bitcoin. Google, which is the popular tech company is hugest digital brand, has issued its official statement about changes in its policy concerning financial services on the whole including approach to cryptocurrency. The announcement took place on the 13th of March, and the announced changes are planned to come into effect several months later, in June.
The new rules will embrace not only Google, but also YouTube, some third-party websites supported by AdWords space and surely the result pages of Google search engine. Google’s rage addresses not only Bitcoin, but also other types of cryptocurrency, including Ethereum and Litecoin. The reason for these changes are numerous evasive promotions and deceptive info about digital money. No doubt that this decision of Facebook and Google will change the situation dramatically, because the both companies have a great influence on Internet advertising sector.
Google informs that it’s prohibited not only advertisements concerning Bitcoin, but also cryptocurrency exchanges, trading consulting services and digital wallets. Bitcoin scammers usually use various advertising platforms for locating their advertisements and attract new fraud victims by promising amazing profits from virtual assets. For example, in December 2017 the BTC price reached the huge price of $19,783.06 and the Bitcoin market was filled with ads concerning digital money and promising huge profits. Their number was increasing, so experts and regulators expressed their skepticism about them. According to the experts and regulators in the USA numerous BTC offerings were illegal, and that’s the main reason why BTC prices has decreased. Now Google and Facebook are struggling to put an end to these illegal activities.