Google follows Facebook in banning cryptocurrency ads

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(Reuters)

Cryptocurrency ads will effectively be criminialized from Google (GOOGL), a outcome of the hunt engine hulk changing the financial product process this June.

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In a blog published by Google, the association remarkable that it would change the existent financial product limitation list and that will blacklist ad content “including but not singular to initial silver offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trade advice,” as reported by Coindesk.

Facebook (FB) recently announced a identical pierce while at the same time governments around the universe have changed to crack down on cryptocurrencies.

According to Coindesk, bitcoin, the largest cryptocurrency by marketplace capitalization, was trade down about 5% on Wednesday. With bitcoin labelled next $9,000, it was well off of the all-time high of just next $20,000.

Article source: https://www.foxbusiness.com/markets/google-follows-facebook-in-banning-cryptocurrency-ads