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Google Cracking Down on ICO Ads?

Written by:
Guest
Published on:
Mar/11/2018

While Google claims not to have any official policy against cryptocurrency advertising, some reports suggest that may no longer be the case.

Cryptocurrency-related adverts are being given only ‘limited’ approval, and some accounts have been blocked, according to Finance Magnates.

They write:

If the internet is a global village, then Google is its chief. And now the chief seems to be going after one of the most prominent and fast-growing industries.

Social media site Facebook has already banned cryptocurrency advertisements.  Google appears to be following a similar path.

Google AdWords is yet to publish any official changes to its policy, or made any official statement.

From Finance Magnates:

One marketing company that specializes in ICO marketing (and that asked to remain anonymous) told Finance Magnates that it saw its daily AdWords performance dropping by thousands in a matter of days.

In another case, Finnish blockchain startup Lamium, that tried to advertise its platform on Google a month ago, saw the termination of not only its advert, but also of its Google Ads account. “So I understand why the ad was suspended, but why was the account itself suspended?” it wrote on the Google AdWords support page. A similar case happened to an algo-trading platform called Crypto Bot Settings, that also saw its account suspended. And the list goes on.

- Aaron Goldstein, Gambling911.com

 

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We can probably speak on behalf of CoinGeek when we say, near and dear to our hearts was today's panel on Media Influence: How News Reporting Affects the Digital Asset Market.  Like Gambling911.com, CoinGeek we know strives to report fair and balanced news.  But not every story out there in the digital assets space proves to be factual. 

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