Official announcement: Google will ban ads ICO and cryptocurrency projects starting in June

Official announcement: Google will ban ads ICO and cryptocurrency projects starting in June

Search giant Google has officially stated that in June of this year it will change its policy in relation to the advertising of financial products that will lead to the prohibition of advertising related to the cryptocurrency.

In published on Tuesday the message the company said that in June this year, plans to change the existing list of restrictions on advertising of financial products, and will be included in the black list projects such as ICO, cryptocurrency exchanges, stock exchanges and wallets.

Ads touting such projects will no longer be allowed in the system.

About a month ago, on January 30, Facebook announced that the company will not be advertising the ICO and other cryptocurrency projects due to the fact that in this area too many fraudulent projects.

Google refused to explain the reasons for such a ban, but it is known that Google and Facebook recently felt pressure from US regulators, who strongly recommended these companies to stop advertising cryptocurrency projects.

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