• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Fintech

Google To Allow Certain Cryptocurrency Advertising Next Month

Theresa Casimir by Theresa Casimir
September 27, 2018
in Fintech
Share on FacebookShare on Twitter

Google is set to end its prohibition on cryptocurrency advertising. The search engine giant has updated its policy to allow certain kinds of crypto-related advertising. This move follows a similar reversal from Facebook in June.

The ban was originally issued in March but came into effect three months later. At the time, the prohibition was meant to offer protection for customers. The previous ban covered initial coin offerings (ICOs), binary options, trading advisory services, and cryptocurrency wallets. The ban came as part of a broader security crackdown which identified virtual currency schemes as a clear and present danger to uninformed investors on the internet. Critics have long identified the nascent cryptocurrency industry as a haven for criminal activity.

The policy was originally enacted to protect consumers from the burgeoning number of crypto-scams that have afflicted the market for years and reached a fever pitch as the price of several digital currencies exploded in 2017 (before imploding in early 2018 to disastrous effect). Google appears to be doing some backtracking, though not entirely: According to a blog post flagged by CNBC, the reversal is part of the company’s recently updated policy document titled: “Update to Financial products and services policy (October 2018).” The update covers the search engine’s stance on crypto-related advertising.

The reversal only covers cryptocurrency exchange platforms. Thus, adverts relating to ICOs, wallets, binary options, and trading advisory services are still prohibited. In the new regulatory paradigm, cryptocurrency exchange platforms can advertise in both Japan and the United States.

The updated policy reads:

“The Google Ads policy on financial products and services will be updated in October 2018 to allow regulated cryptocurrency exchanges to advertise in the United States and Japan. Advertisers will need to be certified with Google for the specific country in which their ads will serve. Advertisers will be able to apply for certification once the policy launches in October. This policy will apply globally to all accounts that advertise these financial products. For more details, see about restricted financial products certification. The Financial products and services page will be updated once the policy goes into effect.”

The initial Google ban coincided with a 10 percent Bitcoin price decline. While the company seems to be relaxing its aversion to virtual currency ads, its app platform continues to combat mining applications, though with limited success. The newly updated policy comes into effect in October. Google plans to update its financial products and services page once the policy takes effect.

Related Posts:

  • Google To Allow Customers Pay For Cloud Services With Cryptocurrencies In 2023, Announces Coinbase As Partner
    Google To Allow Customers Pay For Cloud Services…
  • ENS_Google
    The Significance of Google Search's Support for…
  • 48686-95090-000-lead-Apple-Search-Engine-xl
    Apple Explains Why it won't Create Rival Search…
  • whatsapp-updates
    NCLAT Lifts Ban on Data Sharing, Bringing Relief to…
  • netflix-ad-supported-tier-1000×600
    Netflix's Ad Supported Service Hits 1 Million…
  • FTT Surges Over 100% as FTX Prepares For Relaunch
  • playstore
    Google Kenya Blacklisted Nearly 500 Unlicensed DCP…
  • Why The CBN May Need To Review The Ban On Crypto To…

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Tags: adsadvertadvertisingcryptocurrencyfinancegoogleinternetsearch engine
Theresa Casimir

Theresa Casimir

New at TechBooky, write on important tech stuff from around the world

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • Tech Hype vs. Reality – When Big Tech Missed the Mark Pt. 1 May 9, 2025
    • Top 10 Fee-Free Fintech Apps Nigerians Are Turning To After CBN’s New Charges May 8, 2025
    • Airtel Launches Mobile Money in 2026 to Rival M-Pesa & MoMo May 8, 2025
    • Nigeria Hits 172M Mobile Subscriptions; MTN Tops 90M Barrier May 8, 2025
    • WhatsApp Developing AI Chat Wallpapers & Message Summaries May 8, 2025
    • Bill Gates to Wind Down Foundation by 2045, Slams Elon Musk Over USAID Cuts May 8, 2025

    Browse Archives

    May 2025
    MTWTFSS
     1234
    567891011
    12131415161718
    19202122232425
    262728293031 
    « Apr    

    Popular Tags

    africa (135) AI (497) android (367) app (717) Apple (576) artificial intelligence (419) business (482) china (132) cryptocurrency (209) ecommerce (122) enterprise (287) facebook (507) fintech (244) funding (121) gadget (558) gaming (201) google (709) government (469) instagram (173) internet (466) ios (291) iphone (246) meta (116) microsoft (369) mobile (352) new feature (384) nigeria (440) privacy (158) research (140) samsung (185) security (421) smartphone (277) social media (835) software (509) startup (419) streaming (174) telecom (242) tips (372) twitter (289) united states (216) users (158) videos (127) website (173) whatsapp (201) youtube (138)

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy

    About Us

    TechBooky

    TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

    Recent News

    Tech Hype vs. Reality – When Big Tech Missed the Mark Pt. 1

    Tech Hype vs. Reality – When Big Tech Missed the Mark Pt. 1

    May 9, 2025
    Top 10 Fee-Free Fintech Apps Nigerians Are Turning To After CBN’s New Charges

    Top 10 Fee-Free Fintech Apps Nigerians Are Turning To After CBN’s New Charges

    May 8, 2025
    Airtel Launches Mobile Money in 2026 to Rival M-Pesa & MoMo

    Airtel Launches Mobile Money in 2026 to Rival M-Pesa & MoMo

    May 8, 2025
    MTN Recovers ₦32 Billion in USSD Fees

    Nigeria Hits 172M Mobile Subscriptions; MTN Tops 90M Barrier

    May 8, 2025
    WhatsApp Developing AI Chat Wallpapers & Message Summaries

    WhatsApp Developing AI Chat Wallpapers & Message Summaries

    May 8, 2025
    Bill Gates to Wind Down Foundation by 2045, Slams Elon Musk Over USAID Cuts

    Bill Gates to Wind Down Foundation by 2045, Slams Elon Musk Over USAID Cuts

    May 8, 2025
    • Login

    © 2021 Design By Tech Booky Elite

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    • African
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2021 Design By Tech Booky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok