Google has lifted its ban on crypto advertisements

KevinRosa

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According to Google’s policy update, "From August 3, advertisers that provide cryptocurrency exchanges and wallet services for the United States can promote these products and services if they meet the following requirements and are certified by Google." The requirements include the need to be registered as a money service business with FinCEN and be registered as a money transfer agency in at least one state or as a “federal or state chartered banking entity”, which may open the door for advertisements such as Anchorage and Paxos

This is the current Bitcoin price is in an adjustment period, and it is difficult to predict how long it will take. This news makes people happy.

This is the current Bitcoin price is in an adjustment period, and it is difficult to predict how long it will take. This news makes people happy. This new policy may bring a lot of advertisements to friends who hold cryptocurrencies, so when choosing a project, everyone needs a higher awareness to identify the sustainability of the project and prevent scams.

batang_bitcoin

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Quote from: Hamphser on July 12, 2021, 05:56:20 PM

Quote from: batang_bitcoin on July 12, 2021, 05:31:10 PM

Quote from: MinoRaiola on July 12, 2021, 05:08:52 PM

I now think that it is not a good decision by google, because i have seen far too many scams that were caused by google ads. It's so much easier for criminals. Google opens the gates and TikTok closes them, it looks like they taking turns. The range is higher with google, but with TikTok they are much more precise.

Google should get to clean the crypto ads because those scams will keep coming on their platform to advertise their scam and get as many victims as they can.
I'm not sure why Google has always been like this and somehow quiet and don't give any word about how they're tackling those scam advertisements that are using their platform to trick people.

And this is where report button or links been provided because as a big platform or search engine or company it isnt really that easy to identify which website or ads is a scam.

There are really pro's and con's on lifting out the ban because it would really be spammed out by lots of those scam websites but i cant really blame off google for this

but rather would be babbling about peoples stupidity and lack of research because no one would be get scammed if they do just know on what theyre doing.

Let us say that those buttons were overly used but with their actions, they're taking time to respond to all of those and those scam ads have already victimized more before they take any actions. Well, as for those people that searches and falling into those scam ads, Google should be stepping in and taking actions for them to clean their platform by removing those scams so it's a coordination of users and mainly by them for the removal.

just_Alice

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Finally, after 3 years! Let's just hope that this will not have a negative effect, as people are often annoyed by the rising number of ads and, subconsciously, the anger becomes directed towards the advertised object.

However, I don't understand why they didn't allow advertising websites that simply compare cryptocurrency issuers?

Quote

Ad destinations that aggregate or compare issuers of cryptocurrencies or related products

Surely, the opinion and comparative analysis on such websites could be biased, which poses a threat to some extent, but apart from that, that doesn't seem like something particularly harmful. Especially considering the fact that the Internet is full of such websites anyway and it's almost impossible to find a sound analysis as the criteria everyone uses in terms of comparing cryptocurrencies differ depending on the context and features compared.

Hamphser

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Quote from: batang_bitcoin on July 12, 2021, 05:31:10 PM

Quote from: MinoRaiola on July 12, 2021, 05:08:52 PM

I now think that it is not a good decision by google, because i have seen far too many scams that were caused by google ads. It's so much easier for criminals. Google opens the gates and TikTok closes them, it looks like they taking turns. The range is higher with google, but with TikTok they are much more precise.

Google should get to clean the crypto ads because those scams will keep coming on their platform to advertise their scam and get as many victims as they can.
I'm not sure why Google has always been like this and somehow quiet and don't give any word about how they're tackling those scam advertisements that are using their platform to trick people.

And this is where report button or links been provided because as a big platform or search engine or company it isnt really that easy to identify which website or ads is a scam.

There are really pro's and con's on lifting out the ban because it would really be spammed out by lots of those scam websites but i cant really blame off google for this

but rather would be babbling about peoples stupidity and lack of research because no one would be get scammed if they do just know on what theyre doing.

batang_bitcoin

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Quote from: MinoRaiola on July 12, 2021, 05:08:52 PM

I now think that it is not a good decision by google, because i have seen far too many scams that were caused by google ads. It's so much easier for criminals. Google opens the gates and TikTok closes them, it looks like they taking turns. The range is higher with google, but with TikTok they are much more precise.

Google should get to clean the crypto ads because those scams will keep coming on their platform to advertise their scam and get as many victims as they can.
I'm not sure why Google has always been like this and somehow quiet and don't give any word about how they're tackling those scam advertisements that are using their platform to trick people.

MinoRaiola

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I now think that it is not a good decision by google, because i have seen far too many scams that were caused by google ads. It's so much easier for criminals. Google opens the gates and TikTok closes them, it looks like they taking turns. The range is higher with google, but with TikTok they are much more precise.

cheezcarls

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Quote from: FatFork on June 11, 2021, 07:40:03 AM

Google recently updated their policies regarding Google Ads and will now allow ads related to cryptocurrency exchanges and wallets provided they have registered with FinCEN. This change is set to take effect in August 2021. As you may recall, the ban was imposed in March 2018 and lasted almost three years.

This easing of crypto advertising restrictions is a positive sign. Google appears to be warming up to bitcoin and cryptocurrency in general as many governments, financial institutions and private companies are increasingly liberalizing their crypto policies these days. What do you think?

This is a good decision by Google. Instead of generally banning all crypto, they're finally opened their mind by setting rules on crypto-related advertisements. Just like Facebook last time. They banned crypto-related FB ads, but now they're allowing it. Better than none at all.

baeva

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I was sure that this would happen. It is unlikely that Google will refuse additional profit.

It's hardly a significant profit for Google. The forbidden foetus is sweet, there is such an expression. And hiding constantly what is in great demand is getting harder and harder every year, especially when a new wave of hype begins

goldade

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This is a great development especially for the crypto community. In a world where everyone is glued to their phone, with most being on Google most of the time, it would be awesome for a crypto ad to pop up. This will help in the propagation of bitcoin and crypto news in general and will ultimately help in the adoption of crypto in the mainstream world.
It is only now that we'd recognised the power that ads, especially from Google, holds. In the same way it has helped increase sales for so many businesses, it will improve adoption of crypto.

nightrider

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Google lifts ban on cryptocurrency ads related to exchanges and wallets, as long as they are registered with FinCEN.

The platform has banned crypto-related ads, much to the disappointment of those in the crypto community

Google's easing of restrictions on crypto advertising is a sign of a general warming for cryptocurrencies.

fara_buduk

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About three years ago Google banned cryptocurrency exchange ads. However, online advertising giant Google today scrapped a policy that banned cryptocurrency exchanges from using its advertising services. However, these changes will only take effect in August 2021. Google only releases ads only for some companies, not all However this is a positive thing for us and a great opportunity for future crypto developments and an interesting piece of information that allows the market to pump again

SaShiRaJaVu

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Quote from: Sithara007 on June 20, 2021, 12:39:13 AM

One thing is sure. The cryptocurrency market has grown so big, that Google can no longer ignore this sector. A blanket ban is not advisable, as the revenue will be simply diverted to their competitors.

Google was literally not trying to ignore the sector but the scammers were taking full advantage of their advertisement and shilling out contents with scam ICO and scam exchanges as well as phishing sites as advertisement and they started getting tons of complaints regarding that and so is the reason they banned cryptocurrency advertisement for a while and not because they are against the market.

Quote from: Sithara007 on June 20, 2021, 12:39:13 AM

But I believe that this ban was not strictly imposed since the beginning of 2021. Because I have seen ads from Indian exchanges such as CoinDCX, WazirX and CoinSwitch Kuber on various internet portals, listed by Google Adsense (I am a resident of India and access internet through an Indian IP). Or do they treat these exchanges as separate from the main cryptocurrency market?

The exchanges that were registered as a business never had any issues in advertising from what i understand and so is the reason you were able to see these advertisements from the exchanges.

skybot13x

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Quote from: tabas on June 20, 2021, 02:16:44 AM

Quote from: skybot13x on June 19, 2021, 11:48:03 PM

Quote from: tabas on June 19, 2021, 01:43:40 PM

They can do that easily. So far, so good in my experience. Those scam ads that I've seen before that were appearing automatically on the pages I visit were now gone.
But I think some are still existing on top page results when you search for specific projects or topics on google.

This is actually very true and a lot of scam ICOs got the opportunity to advertise their scams via google. Maybe that's why they once shut it down. Then again it is the sam with the gurus that want to sell their advisory courses to you these days. That plague is all over the internet now.

They've shut it down but still, there might be some in existence that Google can't track. But I think this time they're more aware of what these scams have done to their platform and they've been flocked by those ICO and other scam projects.
With my observation, they've improved.

Maybe Google got some pressure from legal authorities because if it is only about the fact that some projects were a scam, Google should also be forced to prevent those guru scammers selling their courses via Youtube advertisements. That way Google legitimizes these guys by lending them the reputation of their own platform. I wish they would be more consequent and not only be that strict when it comes to cryptocurrencies.

South Park

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Quote from: ampu on June 16, 2021, 11:58:34 AM

Lifting the ban is something they had to do a long time ago because the profit from crypto advertising is not small. I noticed many projects are still marketed on other platforms. Careful moderation is all it takes to prevent scams.
The positive effect of removing ads is that money will flow into the crypto market. That's good for crypto lovers.

Lifting the ban was done for one reason only and that is to obtain profits for themselves, make no mistake they are being kind of strict now but they will want more profits and this is going to open the door to them relaxing those measures and scammers eventually finding out how to exploit the system, and people will once again will lose their money to the scammers that will advertise in that platform, so it is good in the sense it will attract new people to this market but it is bad as well as many people will be scammed too.

tabas

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Quote from: skybot13x on June 19, 2021, 11:48:03 PM

Quote from: tabas on June 19, 2021, 01:43:40 PM

They can do that easily. So far, so good in my experience. Those scam ads that I've seen before that were appearing automatically on the pages I visit were now gone.
But I think some are still existing on top page results when you search for specific projects or topics on google.

This is actually very true and a lot of scam ICOs got the opportunity to advertise their scams via google. Maybe that's why they once shut it down. Then again it is the sam with the gurus that want to sell their advisory courses to you these days. That plague is all over the internet now.

They've shut it down but still, there might be some in existence that Google can't track. But I think this time they're more aware of what these scams have done to their platform and they've been flocked by those ICO and other scam projects.
With my observation, they've improved.

Fredomago

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Quote from: Lorence.xD on June 20, 2021, 01:01:02 AM

We still have to be careful though because the ban doesn't mean that they are proactive on preventing scam websites, remember that scammers get crafty everytime there's a way to prevent their scams. Always DYOR and ask questions about the site, don't be gullible, if something is too good to be true, it probably is.

yeah right, there's no assurance that they'll be on monitor from each scam websites. Scammers are always good in finding ways to continue their illegal activities.

Always do your good research and make sure that you focus yourself in verifying whether the ads is for real or for only scamming people.

take time and do yourself a favor in preventing those kind of business, nothing works instantly so avoid those alluring promises. invest wisely and not to entrust your money to something that too good to be true.

Anonylz

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Quote from: Lorence.xD on June 20, 2021, 01:01:02 AM

We still have to be careful though because the ban doesn't mean that they are proactive on preventing scam websites, remember that scammers get crafty everytime there's a way to prevent their scams. Always DYOR and ask questions about the site, don't be gullible, if something is too good to be true, it probably is.

It is all good, half bread is better than none, Google may not be receptive to btc or crypto now but they are no longer shutting it down which is good step, who knows what will follow next, don't be surprised they are already nursing the idea, there is too much to gain and little to lose,
Eventually btc has a way of winning them anti-btc over, slow and steady will definitely win the race.

Lorence.xD

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We still have to be careful though because the ban doesn't mean that they are proactive on preventing scam websites, remember that scammers get crafty everytime there's a way to prevent their scams. Always DYOR and ask questions about the site, don't be gullible, if something is too good to be true, it probably is.

Sithara007

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One thing is sure. The cryptocurrency market has grown so big, that Google can no longer ignore this sector. A blanket ban is not advisable, as the revenue will be simply diverted to their competitors. But I believe that this ban was not strictly imposed since the beginning of 2021. Because I have seen ads from Indian exchanges such as CoinDCX, WazirX and CoinSwitch Kuber on various internet portals, listed by Google Adsense (I am a resident of India and access internet through an Indian IP). Or do they treat these exchanges as separate from the main cryptocurrency market?

magneto

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Quote from: FatFork on June 11, 2021, 07:40:03 AM

Google recently updated their policies regarding Google Ads and will now allow ads related to cryptocurrency exchanges and wallets provided they have registered with FinCEN. This change is set to take effect in August 2021. As you may recall, the ban was imposed in March 2018 and lasted almost three years.

This easing of crypto advertising restrictions is a positive sign. Google appears to be warming up to bitcoin and cryptocurrency in general as many governments, financial institutions and private companies are increasingly liberalizing their crypto policies these days. What do you think?

It's certainly a good development.

But to be honest, they're only doing this for their own gain, which is fair enough. They also want to have a piece of the crypto bull market cake by offering advertising services to sectors that are booming in market cap.

It's a win-win situation, though. Google clearly benefits from a corporate perspective. Now that regulations are tighter on advertisements, hopefully the community will see less phishing/scam crypto sites and finally get rid of that problem.

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