Google to ban cryptocurrency, initial coin offering ads

The internet search giant’s move followed efforts by European, US and Chinese regulators to curb fraud related to cryptocurrencies

Internet search giant Google announced its plan to ban online advertisements promoting cryptocurrencies and initial coin offerings from June this year, following a similar initiative taken by Facebook in January. Photo: Agence France-Presse

Google will ban online advertisements promoting cryptocurrencies and initial coin offerings (ICOs) starting in June, part of a broader crackdown on the marketing of a new breed of high-risk financial products.

The internet search giant, a subsidiary of multinational conglomerate Alphabet, announced the decision on Wednesday in an update to its policy, which said it will begin to block ads for “cryptocurrencies and related content”.

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