Google follows Facebook's
Footsteps to prohibit or ban ads related to digital currency or cryptocurrency from June 2018. Google also prohibits advertising of digital currency coin or Initial Coin Offering (ICO).
"Starting this year we will update some policies to resolve advertising issues for unregulated or speculative financial products," said Google's Sustainable Advertising Director Scott Spencer.
This ban will also apply to ads on YouTube, which has become a haven for news and promotion of cryptocurrency.
In addition to cryptocurrency, Google's new policy also limits the advertising of speculative products such as binary option trading ads and the foreign exchange market.
Cryptocurrency and ICO ads continue to multiply after the rising popularity of Bitcoin last year.
But the findings show that digital currency advertising mostly contains fraud. Many of these ads offer schemes for high-risk, unregulated investments. As a result of fraud that many users who failed.
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