Google Is Rethinking Its Stance Against Crypto Ads

Google Is Rethinking Its Stance Against Crypto Ads

News

Key Takeaways

Google has updated its advertising policy for crypto companies. Though the new policy has stricter registration requirements, it makes room for online crypto wallets to advertise. Google’s new policy will take effect this August.

Share this article

Google has updated its advertising policy, clearly delineating which cryptocurrency companies are able to advertise on its services.

Crypto Companies Must Be Registered

In a new statement, Google has stated that crypto exchanges and wallets will be able to advertise when they are registered with FinCEN as a Money Services Business or registered with a chartered bank.

Those businesses must also comply with state and federal requirements and comply with all Google Ads policies.

The new policy will take effect this August, and Google will revoke previous certifications when its application form is published in July.

Google’s updated policy will still ban ads for ICOs, DeFi platforms, and specific cryptocurrencies. It will also disallow ads for cryptocurrency aggregators, trading signals, and trading advice.

Will More Companies Be Allowed to Advertise?

Google, along with several other tech companies such as Facebook and Twitter, banned cryptocurrency advertising in March 2018.

In September 2018, Google loosened those restrictions, allowing exchanges and mining services to advertise once again.

Today’s news does not strictly broaden the category of companies that are able to advertise with Google. Rather, it sets out a stricter process for companies that wish to advertise.

However, the new policy makes room for hosted wallets (ie. online or custodial wallets), a category that was not explicitly discussed in previous policies. Offline wallets are still prevented from advertising.

Disclaimer: At the time of writing this author held less than $75 of Bitcoin, Ethereum, and altcoins.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Coinbase Visa Debit Card Adds Apple Pay, Google Pay

Coinbase is linking its debit card with Apple Pay and Google Pay.  Coinbase Unveils Debit Card Update Coinbase has integrated Apple Pay and Google Pay into its debit card, the…

What is Polygon (MATIC): Ethereum’s Internet of Blockchains

In terms of both decentralized app (DApp) development and adoption, no blockchain has been more successful than Ethereum (ETH). But despite its relative success, the Ethereum network still contains several…

Google Finance Adds Bitcoin, Ethereum, Litecoin, and Bitcoin Cash

Google Finance has now added a crypto market tab to its business tool.  Google Finance Recognizes Crypto The search engine has added a fifth “Crypto” tab on Google Finance—along with…

VCs Including Google Ventures Invest $120 Million in Blockchain.com

Crypto wallet provider Blockchain.com has raised $120 million from leading venture capital firms, including Alphabet-owned Google Ventures. VC Firms Flock to Blockchain London-based cryptocurrency platform Blockchain.com announced its latest funding…

Binance

Source link

Latest Crypto News


Popular Links

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments