Fighting “Bad Ads,” Google Targets Cryptocurrency Advertisements

(From UPI)

In an effort to crackdown on what it calls “bad ads,” tech giant Google said starting this summer it will ban online advertisements for cryptocurrencies and initial coin offerings.

Google said the policy change, announced Wednesday, also goes for its YouTube platform — as bitcoin and other virtual currencies become more popular and scammers use web ads to promote fraudulent schemes.

Facebook took a similar step in January when it banned cryptocurrencies and “speculative financial products” across its advertising platforms.

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