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Topic: Google is preparing for Spot Bitcoin ETF - page 2. (Read 498 times)

full member
Activity: 868
Merit: 202
December 13, 2023, 06:58:31 AM
#31
with the increasing adoption of bitcoin and the approaching approval of the bitcoin ETF by us authorities, platforms operating and regulated by the US will certainly adjust their regulations on matters relating to bitcoin. because there is no reason for them to reject things related to bitcoin when the US authorities say that bitcoin ETF are allowed.

but it seems that each platform like google, microsoft, or others has their own rules regarding bitcoin and things related to it. maybe they still consider that bitcoin is a speculative and volatile asset that could potentially make traders lose money and they don't want to be blamed as a platform that promotes bitcoin to users and gets into trouble later from this.
sr. member
Activity: 1204
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December 13, 2023, 06:51:32 AM
#30
In anticipation of the approval of Bitcoin ETF, Google is adjusting its guidelines for crypto-related products. Before now Google had been very strict on crypto-related advertising on the platform because of concerns for fraud and misleading promotion. However, it seems they are gradually adjusting these policies to reflect the increased mainstream or institutional adoption of Bitcoin.

From January 2024 Google will allow adverts on financial products that allow investors to trade shares in trusts holding large pools of digital currency known as "Cryptocurrency Coin Trusts". With this change in policy crypto coin trusts could run ads on Google provided they register with the SEC. This subtle adjustment of ads policy is an indication that they are preparing for Spot Bitcoin ETF.
Although Google usually prepares Google works very smartly so they will move forward by strictly controlling every step. Google may reject Bitcoin Spot ETF offers without a solid reason. ETF requests will be met in compliance with current law. He pointed to a growing number of strong bitcoin spot ETF offerings submitted by some of the largest financial institutions. The quality of these offerings is only an indication of the importance and ability of such companies to bring solid products to market.
hero member
Activity: 1386
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December 13, 2023, 06:33:48 AM
#29
From January 2024 Google will allow adverts on financial products that allow investors to trade shares in trusts holding large pools of digital currency known as "Cryptocurrency Coin Trusts". With this change in policy crypto coin trusts could run ads on Google provided they register with the SEC. This subtle adjustment of ads policy is an indication that they are preparing for Spot Bitcoin ETF.
This does not guarantee 100% that ETFs are going to be accepted so don't just raise your hopes anymore from the point there are now but yeah it is a good thing and a good indicator, you must be thinking why I said to not raise hopes, because it is not good to connect your hopes with the market, always connect your mind and knowledge. This will bring more profit for you.

And I don't see till now that Google ads don't promote crypto-related ads, instead, they give the highest CPC on crypto-related ads so how can you say they were very strict on crypto-related advertising? I even myself used Google Adsense ads which they promote crypto-related ads, but I do admit one thing that, they show very lesser crypto ads in compared to other ad agency competitors.

Anyway, it's a good development, and adopting BTC or other cryptocurrency is all we want, and this is happening, actually bull run is going to start and I think Google also wants to earn money from ads organizers who want to promote their projects.
hero member
Activity: 1148
Merit: 796
December 13, 2023, 04:55:51 AM
#28
Blackrock is bigger than Google, Google must accept what Blackrock have or Google will have a problem with Blackrock.

While on their ToS, advertising crypto-related products are not allowed on the platform, a lot of content creators in Facebook are actually advertising crypto-related services and products. Those guys have millions of followers and are not being reprimanded or apprehended with what they're doing. Honestly at this point, Facebook should reevaluate their stance with cryptocurrencies as other giants around them have shifted course and has become somewhat tame to it.
It just a gimmick, what about gambling promotion? it happens anywhere on all social medias that Mark's own. Shame to see a big companies who have a lot money and workers can't combat against everything that broke their rules.

What I know they're did something controversy in Instagram where they take down or censoring people who use Palestine's flag.
hero member
Activity: 826
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December 13, 2023, 02:04:21 AM
#27
Google is just running its business and trying to pack all the available money possible. Maybe this is coincidental as I do not see Google restraining or trying to restrict crypto-related products. After all, cryptocurrency is not illegal dealing in the world, and if they could be bold enough to allow unrestricted adverts relating to Forex, Gold, Stocks, Bonds, Crude, Natural gas and so on, I do not see a valid reason why they will be hiding under any shadow to advertise cryptocurrency or restrict the person that wants to advertise it through them.

But (though I don't know), in some countries where cryptocurrency is either totally or partially banned, Google might be careful of the traffic they are routing to those regions, which might be what you are seeing due to your country. If Google could be advertising fraudulent businesses, I do not see any right they have in holding back on crypto-related products. Regardless, no matter what, cryptocurrency will continue to win, even governments and regulators will continue to shift their stances in its favour. It's only a matter of time.
hero member
Activity: 2156
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December 13, 2023, 01:24:58 AM
#26
What about Facebook?

They allow cryptocurrency advertisement but the advertiser has to follow certain guidelines to run their advertisement across their platforms. You can find all the details on their transparency page, which I felt is complicated in many ways. The alternate option for an advertiser is to contact influencers and ask them to promote their product. That I think is easier than going through all the terms and conditions.

snip~~

It was expected, that would Google leave another big revenue stream for themselves that would be generated from those advertisements. We can expect more changes from them in the crypto domain in the future. I am surprised that the market has not reacted to this news, it is in red today. 

legendary
Activity: 3808
Merit: 1723
December 13, 2023, 12:29:08 AM
#25
They didn't announce the change of the terms though so it's just like they slipped those rules into the policy. They secretly did it. When they banned ICO advertising in 2017, they announced it like they had the purpose to destroy crypto.

Nonetheless, this is a good change of their policy but are the ICOs going to come back again to promote the newly launched projects? I would hope so. The second wave of the 2017 altcoin season must be coming and indeed this is really a great opportunity both both old and new projects in crypto.

What about Facebook?

This won’t apply to ICOs. It’s way too risky to ever allow those. Back in 2017 so many of those projects were complete scams, especially those which appeared in early 2018.

From what I understand this is only for the etf issuers pretty much. They will advertise why you should buy their etf instead of an competitors etf due to fees and ease of use, etc.

So it only applies to institutions and the like. Very strange that they didn’t wait for an approval first before making this change.
legendary
Activity: 1918
Merit: 3047
LE ☮︎ Halving es la purga
December 12, 2023, 04:29:06 PM
#24
You do not show a source that verifies these "settings" that you mention, Google does not prepare anything specific or reserves movements with certain news, bye the way, check search results, and in associated brands like YouTube scams are frequent with relevance of cryptocurrencies as the protagonist.
sr. member
Activity: 924
Merit: 325
December 12, 2023, 04:03:09 PM
#23
In anticipation of the approval of Bitcoin ETF, Google is adjusting its guidelines for crypto-related products. Before now Google had been very strict on crypto-related advertising on the platform because of concerns for fraud and misleading promotion. However, it seems they are gradually adjusting these policies to reflect the increased mainstream or institutional adoption of Bitcoin.
They will quietly adjust their crypto advertising rules. Secretly means not wanting to make it public or act without other people knowing.
Why does Google have plans to quietly revise its crypto advertising guidelines? that's the question.
Maybe they didn't want to be left behind or they were mistaken about the rules prohibiting advertising that had been implemented by Google at that time, which was intended to anticipate advertising fraud.
After advertising is revised again, hopefully Google will no longer consider everything related to cryptocurrencies to be bad.
sr. member
Activity: 532
Merit: 250
December 12, 2023, 03:07:05 PM
#22
In anticipation of the approval of Bitcoin ETF, Google is adjusting its guidelines for crypto-related products. Before now Google had been very strict on crypto-related advertising on the platform because of concerns for fraud and misleading promotion. However, it seems they are gradually adjusting these policies to reflect the increased mainstream or institutional adoption of Bitcoin.

From January 2024 Google will allow adverts on financial products that allow investors to trade shares in trusts holding large pools of digital currency known as "Cryptocurrency Coin Trusts". With this change in policy crypto coin trusts could run ads on Google provided they register with the SEC. This subtle adjustment of ads policy is an indication that they are preparing for Spot Bitcoin ETF.

I will say this is a smart move from Google. They are always waiting for the opportunity to expand their business and invite more investors without having themselves booked for their actions by any government agency. These people are not against cryptocurrency from onset, they are just waiting for the perfect time to associate themself with it, which I feel the time is now and could also be as a result of the most anticipated bitcoin spot ETF approval soon.
legendary
Activity: 3178
Merit: 1054
December 12, 2023, 02:18:22 PM
#21
This is no surprise to me at all, as the ETF application is getting close to being approved, so we are likely going to see more firms acknowledge and start supporting crypto in their own way; no one will ever want to miss out. ETF getting approved means a lot of great opportunities are going to come up for crypto, and adoption will also increase more than it has ever been.
 
Many people are not accepting any promotion that concerns crypto or don't want to get involved in it as a result of either not understanding it or because they are so afraid of what will come next, but with ETF, there is so much confidence for them, and they can sense some legality now in crypto and will no longer have that fear of doing what the government is against and they might be penalised.

and then more politicians are also going to switch sides and suddenly become BTC advocates.
with more projects advertising on Google, this is going to spread the adoption widely even the not-so-popular tokens will more than likely go to the moon. and we are going to see a lot of newbies entering this market enticed by the projects offering crazy APYs.

id like to believe also google is eyeing to accept BTC as payment for advertising. possible?
sr. member
Activity: 1022
Merit: 368
December 12, 2023, 02:10:22 PM
#20
Google is constantly revising, reviewing, adjusting and updating their crypto advertising policy. In 2018,they did it twice.

In all of these the community should be happy because of the positive impact these new guidelines can have on bitcoin mass adoption. First more people would be exposed to it starting with Google searches as there is going to be increased visibility of bitcoin on its platforms. Secondly, scammers would be discouraged too due to strict monitoring on crypto ads.





legendary
Activity: 1288
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December 12, 2023, 02:09:53 PM
#19
Google is a big company, if they continue to persist with the old attitude towards Bitcoin, then in my opinion they are not worthy of being a big company because the progress of the crypto industry will continue to develop.
Not only that, Google's change in attitude towards crypto-related ads subtly shows that the negative fears associated with Bitcoin are not fundamental.

Bitcoin spot ETFs are desired by many large companies such as BlackRock and other large companies because there are benefits behind their application. Google is only now revising its advertising rules and considering a Bitcoin spot ETF.
Bitcoin continues to rise.

Other sources about Google revising advertising rules: bitcoinmagazine
I do not actually understand google and some of their advertisement policies against cryptocurrency. I remember that I have downloaded some scam apps from play store and got scammed. Why won't google scrutinize such projects and determine that they are scam if they be such strict.

Google knows it's time to readjust because bitcoin is no longer a new player in the industry. Perhaps, they were waiting for adoption and ETF is the perfect signal of mass adoption they have been waiting for.
hero member
Activity: 700
Merit: 673
December 12, 2023, 02:04:12 PM
#18
This is no surprise to me at all, as the ETF application is getting close to being approved, so we are likely going to see more firms acknowledge and start supporting crypto in their own way; no one will ever want to miss out. ETF getting approved means a lot of great opportunities are going to come up for crypto, and adoption will also increase more than it has ever been.
 
Many people are not accepting any promotion that concerns crypto or don't want to get involved in it as a result of either not understanding it or because they are so afraid of what will come next, but with ETF, there is so much confidence for them, and they can sense some legality now in crypto and will no longer have that fear of doing what the government is against and they might be penalised.
legendary
Activity: 966
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December 12, 2023, 01:54:01 PM
#17
Good, excellent news but I'm curious why they want such a sneaky approach to explore the Crypto market, currently, the market is super Bullish and from January, we can see the actual potential of this Bull market wave. Some other tech giants may also explore Bitcoin and other aspects of this crypto market due to the hype of the top financial giants.

I'm also curious how long we'll go for the new ATh will it be 5x from the current market valuation hehe, just being optimistic.
hero member
Activity: 1456
Merit: 940
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December 12, 2023, 01:48:02 PM
#16
Google's clearly seeing dollar signs in those flashy cryptocurrency coin trusts everyone's yammering about lately.  Makes plenty of sense they've now opened up their big ad network to companies peddling trusts holding the hot digital assets.  After all, hypes simmering at a nice boil these days around cryptocurrency.  And where there's hype, there's eyeballs.  And where companies can grab eyeballs, hey there's profit to be scored for an outfit like Google brokering up those advertisements and 

Id bet Google's bean-counters envision tons of curious folks firing up the search engine to wrap their heads around how trusts built around cryptocurrency work.  More searches means more chances for Google to serve up relevant advertisements and take a slice of the action.  So for them it's a no-brainer move to let cryptocurrency outfits place ads and potentially drive up the company's bottom line.  Whether or not average Joes really understand cryptocurrency coin trusts even after clicking one of those flashy ads, well, Google still makes bank.  So theyre happy to ride this wave and rake in the dough.
hero member
Activity: 1414
Merit: 670
December 12, 2023, 01:20:31 PM
#15
It's really good news for all of us because this actually indicates that the chances for the approval of ETFs are even higher than before. Things seem to be more clear now, but it might be another strategy of Google to prepare for the upcoming bull run, where they also want to earn money. Even though, I will admit the step they had taken is a big one although I was not aware that companies can't put ads on the funds or trusts of their companies to gain traffic. And the term of registering with SEC is even more good.

This means there this step will only benefit them if the SEC approves companies to put ads, which means companies will first given permission to launch their ETFs. This directly means things are streamlined for BTC and ETFs is near.

Your title is a little confusing I thought Google applied for BTC ETF but they are just starting to allow people to advertise there company's fund where the funds are driven from cryptocurrency collection and by that means, BTC. But it could also means ETH, as BlockRock and some other companies also applied for ETH ETFs.
donator
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Leading Crypto Sports Betting & Casino Platform
December 12, 2023, 01:09:21 PM
#14
I think we’re quickly transitioning from Bitcoin being the Wild West to it being a recognized and legitimate currency.  This no doubt will cause others to follow suit in relaxing some of their policies towards cryptocurrencies as they become legitimate products to be advertised instead of fly by night scams to enrich their founders.
newbie
Activity: 10
Merit: 0
December 12, 2023, 12:55:32 PM
#13
I'll hope other gafam follow suit, they have a lot to win in decentralization, traditional banking is basically the only counterweight to the tech world being king.
legendary
Activity: 3542
Merit: 1352
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December 12, 2023, 12:42:35 PM
#12
What about Facebook?

While on their ToS, advertising crypto-related products are not allowed on the platform, a lot of content creators in Facebook are actually advertising crypto-related services and products. Those guys have millions of followers and are not being reprimanded or apprehended with what they're doing. Honestly at this point, Facebook should reevaluate their stance with cryptocurrencies as other giants around them have shifted course and has become somewhat tame to it.
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