Day by day Crypto world is going to face new challenges for sustaining in this virtual world. A bit earlier, Google has declared that they will ban all cryptocurrency-related advertising of all types in June 2018, according to a recent update to their Financial Services policy.
It’s really a shocking news for this platform because this blockchain system is taking threat again and again from the different aspect and now its Google that has the largest platform for promotional activities. Not only that but also they are very rigid to do change in their policies regarding this issue.
Basically, they are afraid of their consumers harmfulness along with potential harm, That’s why they stated that “We don’t have a crystal ball to know where the future is going to go with cryptocurrencies, but we’ve seen enough consumer harm or potential for consumer harm that it’s an area that we want to approach with extreme caution.” According to Scott Spencer, the Director of Sustainable Ads at Google, during an interview with CNBC Today.
Under this circumstance, Google’s reconstructed financial products policy, they have said that no advertisements for “cryptocurrencies and related content excluding limited to ICO, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice.
This scenario stated that no company will promote their offer related to the Cryptocurrency in the Google platform as like Facebook banned in the January 2018. Basically, this trend has started from the Chinese Social Media. Who knows what is next…?