Google to ban Bitcoin, other cryptocurrencies advertisements from June

Ads are great, Google says, except for the 3.2 billion bad ones

Google to Ban Ads for Cryptocurrencies

According to her, last year, Google removed 320,000 publishers from its ad network for violating the publisher policies, and blocked almost 90,000 websites and 700,000 mobile apps.She said the technology firm also introduced new technology that allows it to remove Google ads from more than two million URLs each month, adding: "Page-level enforcement technology allows us to better protect our advertisers by removing more ads from more sites while also minimizing the impact on legitimate publishers". They dictate what ads are acceptable, and what aren't acceptable.

Google has announced a unilateral ban on advertising from all cryptocurrency companies, three months after Facebook made a similar proclamation.

There has been an increase in bad ads/sites removed in 2017 compared to 2016. It also removed 400,000 unsafe sites. The spread of such activity has led platforms and networks to question the value of allowing cryptocurrency-related advertising and to clamp down on the same. That's more than 100 bad ads per second! In addition, Google banished 320,000 online publishers for violations like showing Google-supplied ads alongside inappropriate or controversial content, he said. The company removed 320,000 publishers from its ad network for violating publisher policies, and blacklisted almost 90,000 websites and 700,000 mobile apps. Essentially this means that you can't serve ads if you're pretending to be a legitimate news website based in London when you're actually a content scammer in a different city.

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In a what looks like a pre-emptive strike Google says it will add policies addressing ads in unregulated, overly complex, or speculative financial products like binary options, crypto-currencies, foreign exchange markets and contracts for difference (CFDs), an exotic financial bet.

In a blog post published Tuesday, the company indicated that it will change its existing financial product restriction list in June this year, blacklisting ad content "including but not limited to initial coin offerings (ICO), cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice".

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