Topic: Google will ban ads involving cryptocurrencies (Read 845 times)

This only happen to the misuse of the platform. Most campaign were scam and it be find violating the terms and conditions of Google and it suppose not to be. We are only appeal to those scam bounties to stop publishing a fake campaign

As long as the ads that will be taken down or banned are the illegitimate ones. But if it is an authentic ad from a legitimate crytocurrency, then I think they should think twice.

Google itself is a business.  Many investors and businessmen are engaging with Cryptocurrencies nowadays. Google can't avoid that.  And because they are in the business of making money (whether fiat or crypto), they are into it in the future.  Perhaps they are just compelled by the Gov't who are against this kind of currency. 

Agreed, even if happens people will still find a way to spread the Crypto/Blockchain ads across the internet.

That post were made lot of time ago but nowadays we heard again about this "idea" of google and... nothing, for me this will be just a "thread" that we could talk about it every day of the year but google will not make that big step.

Because Google does not have such a right or ability to determine whether the project is good or not and to limit the ability for the ads. It is quite unfair if such a policy is created for good icos only but we also can never tell whether such an ICO is good or not, success or fail at the end even if it is a good one. They may not have enough capital or extra problems occured while led to fail

Bitcoin does not need adds.

Finally its a good decision. There are many scams. If you search for an ICO these ads will come in front to scam ppl

I don't think it's a bad idea. Look at the market, look at all the scams. It makes sense for such a large company to try and be responsible like this. Sure it won't benefit you, but it will benefit the noobs.

I totally agree. Google its just playing its almighty role, which is expected of such coorporation and Facebook if true it will follow the same suit. Though, it is sad to see these big companies not endorsing crypto.

Interesting update on this as far as timing of my post yesterday. As of today, I have seen ICO ads getting disapproved by Google. I'm rather surprised by this. I really didn't expect them to take action against cryptocurrencies. I still believe, like you, that this will not be a permanent ban. It will be interesting to see how all of this plays out.

There are several experts in the world who claim that Facebook and Google are preparing to launch their own crypto-currencies. It is hard to imagine that analysts of such advanced campaigns do not understand the potential of a growing market. There is an opinion that these campaigns are preparing to launch not just their own crypto currency, but a whole range of services, built on blockchain technology. I think the launch of services by such giants will immediately raise the capitalization of these currencies. To what extent, it remains only to guess.

It seems that because of the excessive advertising power before, most people have reported or complained? Indeed 2016-2017, they accept a very large number of advertisements. Perhaps people's awareness of encryption was not that widespread. But I don't think this will be permanent. As you said, now is the era of the digital economy, and only the accepted talents can hardly see the future.
ICO advertising may be strictly managed in the near future, which also promotes the development of the market! Isn't it?

I've been skeptical about this from the beginning but I strongly think this will not be happening now. Facebook is lifting their ban only a few months after its ban partially went into effect. I believe Google thinks it is in their best interest to take ad revenue from this and has no reason to restrict advertising if Facebook is not.

Managing ads for ICOs, I have not seen any slow down or negative effect for a ban that was supposedly starting now. Any talk of this will probably quietly fade out and things will stay bau.

Google will boycott all digital currency related promoting

Google intends to boycott all digital currency related advertising   Google wants to boycott all cryptographic money related promoting

11:23 AM ET Wed, 14 March 2018 | 00:46

Google is taking action against cryptographic money related promoting.

The organization is refreshing its budgetary administrations related promotion strategies to boycott any publicizing about digital currency related substance, including introductory coin contributions (ICOs), wallets, and exchanging counsel, Google's chief of supportable advertisements, Scott Spencer, told CNBC.

That implies that even organizations with honest to goodness digital currency contributions won't be permitted to serve advertisements through any of Google's promotion items, which put publicizing alone locales and additionally outsider sites.

This refresh will become effective in June 2018, as indicated by an organization post.

"We don't have a precious stone ball to know where what's to come will run with cryptographic forms of money, however we've seen enough customer mischief or potential for shopper hurt that it's a region that we need to approach with extraordinary alert," Scott said.

Google's hard-line approach takes after a comparative boycott that Facebook reported recently.

While the cryptographic money blast has delivered a great deal of energy and riches, it's as yet a generally unregulated space and has brought forth endless prominent tricks.

This news comes as Google discharges its yearly "trust and security" advertisements report.

Google said it brought down in excess of 3.2 billion advertisements in 2017 that damaged its strategies, which is about twofold the 1.7 billion it expelled the prior year.

Google parent organization Alphabet makes around 84 percent of its aggregate income from promoting, so persuading sponsors that its biological system is protected and compelling is fundamentally essential.

I've heard the Facebook is going to create its own crypto which explains why they would ban adds for a little bit. Is Google planning on doing the same as well?

There may not be a company to compete, that they now have a threat in their. A decentralized platform, the blockchain technology, the bitcoin. Have you even been given a penny for risking your details to open an account on facebook? Have you thought of the number of time you spend on facebook liking peoples picks and post and yet receives no reward? What have you personally done to add knowledge to bitcoin or blockchain technology? yet spending a bit of your time in this forum can pay you a lot. Now you spend much time Posting in this forum because you rightfully know this is where your money comes from and spends less time on facebook. This is what we call a competition. This is what Google and Mark are scared of. Bitcoin will pull down the activities that go on in their forum and reduce the amount of money that they generate from us yearly.

Yeah, I read that too. taken down ads on those platform will not stop a technology that is decade old. If cryptocurrency was two days old the i wouldf really agree and rather plead they allow adds. As for facebook, the implementation has already started. banning is ongoing for individuals who make cryptorelated post. Google stated that you will be banned if there happened to be violation of rules. As to the criteria for violation of their rules and which rules they were, i cant specify.

Any examples of companies, that can compete Google and Facebook?

i think google is not super happy about decentralism
there is nothing to win for them in this space.

so they kill 2 flys with 1 hint
1. no competitors advertising
2. they get a better light on them from governments

no worrys,..
if the first big decentral stuff will be mass adaptet,...
everybody will talk about it again.

just be pacient

Why are such big companies acting  dumb?

Bitcoin and crypto ads are not dependent on Google! Don't they get it?

If the google search engine still optimises the btcs related issues then whats the need for it LOL

Yeah in pow there is a lot of energy wasted on "useless" mining but then again you pay it with real money so who cares if you use that energy for gardening, building something or mining crypto?
Maybe in the future we'll have Eco-friendly-renewable resource-miners.

Shit, thats a serious issue, because it will impact a negative impact on btcs globally.

I can say it's not an easy decision for Google to take but they have to do it in the interest of many novices out there . Countless projects are posted everyday and a great deal are scams or won't survive.

Google is just trying to protect its image.

This is really sad news, especially for those who use Alphabet's services to advertise their crypto-related products. I heard that facebook is going to do something similar as well. Can't say I didn't see this coming however, a huge number of scams are actually advertised on facebook and on google

It's hard to know what goes through the minds at Google. It seems they like to get on a mighty large moral high horse. In addition to the crypto ban, they also recently announced a forthcoming ban on bail bonds. Why? "Studies show that for-profit bail bond providers make most of their revenue from communities of color and low-income neighborhoods..." I doubt this ban will have little effect on the bail bondsman business, just as I believe it will have little impact on cryptos and ICOs.

Now there are reports that Facebook has had its own interest in cryptocurrency. https://www.zerohedge.com/news/2018-05-11/real-reason-why-facebook-banned-all-crypto-ads.

So, where does Google's real interest lie? Is an ICO/crypto advertising ban a moral stand or are they protecting their own interests?

I've recently came across this article, where they are analyzing the future outcomes of this ban.

https://www.thesoholoft.com/single-post/2018/04/04/Internet-Company-Google-Takes-Cue-From-Regulatory-Authorities-on-Crypto-Crackdown

It is not purely scientific, but it actually has some good quotes, like this one from Bojan Oremuz, CEO and founder of Emmares:

Also, there is an article on what we shall do in order to better integrate ICOs into the modern investment industry landscape:

https://steemit.com/ico/@evp/google-crackdown-on-the-crypto

It is clear to me, that there will appear new ways to promote your ICOs, such as creating less harmful ads with no direct link to the cryptocurrency or without any investment opportunity rhetoric. The Wild West of ICOs is coming down for a good, there are some good signals to grow up and start reforming the industry, not just abusing the new tools to get a quick buck.

As much as I agree, that many ICOs have no malicious intent, there had to appear a way, to oppose and discourage anyone coming into this field to harm people. Otherwise there appears a legal and a moral problem of becoming an accessory to a crime.

ICO industry crowd is more than capable of creating standards and methods to self-regulate and to comply with basic society requirements to better integrate with it.

In my opinion, Google is simply afraid of the blockchain competitors. Especially when these projects have been openly declared they'll eat Google  For example, BitClave. They're building a decentralized monetized search engine. And they claim they'll beat Google in the future.

I hope this will not happen. The only people or project that should be banned are those illegitimate projects. The only problem is how facebook or google could find out if the project is legit or not.  I just hope that there will be a governing body for the ICO's or the cryptocurrency market to really check the legitimacy of the company and people behind it.

you can use cloaking and everything will be ok

too expensive for google ads anyways.

I personally also dont understand such moves from big companies.
The thing is that cryptos are surely have a great potential and will surely develop more and more.
That is why I cant understand Google's decision. But I think, time will pass and google will unban cryptos, that is for sure

Sad that you're supporting Google's policy. They just banning rivals, I don't see any good intentions behind the ban.



Very true. A human stupidity and profits that Google going to reap with their blockchain projects behind the ban.

Well, many hamsters ran into cryptocurrencies last autumn and then lost a lot of money, so they think it's all fraud. Now they are crying, so google and other stuff will block such ads.
Just a human stupidity.

I really don't know about your opinion guys, personally I think this is a good move by Google. When I type in the search bar I have seen tons and tons of cryptocurrency-related advertising which were rip-offs. I think I saw articles that also Facebook and Twitter ban those type of ads as well, which is again a big move, but a good one. It's kinda sad for the ones which were not scams, but what can you do, I think there were more frauds than legitimate and authentic sites.

due to the raising of too many trash , scam coins everyday.  this step is a good move of giant guys like google, twitter ..
hopefully it wil help to decrease the number of scammers. D

That's probably true - which is good. Still, I know a lot of people who run their entire business on Google AdWords. What silly to me is that in the same policy change they are banning things like "Binary Options and synonymous products."  That's a very specific sector in a very wide sector - trading.  I think that makes sense - because those "binary option" trading products are 99% (or maybe even 100%) scams.  But what they are doing with the crypto space is the equivalent of "Financial Trading Products and related products, including but not limited to E-mini futures trading, Stock Trading, Options Trading, Books on Trading, and every other damned thing remotely related to trading ..."

I'm just surprised that it's coming from a company that prides itself on being smart and understanding new things.  Not anymore, apparently.

I feel like it's very broad, but I guess we will see what happens in practice. 

Here is the policy - https://support.google.com/adwordspolicy/answer/7648803?hl=en

And to quote them ...

"In addition, ads for the following will no longer be allowed to serve:
Cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice)"

"Including but not limited to ..." - very open-ended.  I'm definitely going to test this. Maybe the easiest way would be to resell chocolate bitcoins and try take out an ad.  Or design some clever shirt on TeeSpring. 

I don't get the wallet part - how is creating a wallet a scam?  Are all wallets scams?  Not by a longshot.  Very draconian and lame.

You mean banning ICO ads?
I just dont know if google will ban ALL ICO ads, or will let some quality ones through.
I mean its understandable that google will try to defend the users from low quality ICOs with hideous banners, which are likely a scam.
Or will Google just ban any form of investments which have high risks? If it bans ICOs, it would be rightous to ban any not low risk investments.

It's true that bitcoin and other crypto's cost energy but do you know how many energy it cost to do a single search on a search engine or just use the internet at all?, internet uses a lot of energy and crypto's are a small? part of that.

It's not a ban on anything crypto related. It's just a ban on paid ads. You can still post any crypto stuff you want on your personal page.

Pretty shortsighted and disappointing to see a lack of imagination - like a legislator/regulator who finds the whole subject too complicated and just wants to shut it all down.

Sure, there are scams, but that's not enough to justify a complete ban on everything "crypto-currency related".  This means if I create some software that tracks assets - not even using a blockchain - just a regular old centralized database I can't advertise on Google because it's "related" to crypto.  A LOT of things are related to crypto, which have nothing to do with scammy ICO's.  Not allowed to advertise Bitcoin T-shirts?  How about little foil-covered chocolate Bitcoins? Nope, sorry. 

Idiotic.  But that's what you do when you can't think with any kind of nuance, and the people who are in a position of making these decisions simply can't. 

How do you think transactions are processed in Bitcoin and Ethereum? Have you ever heard of mining?

I will try to make a one line explanation of what is mining:
Miners confirm all transactions for a little reward (paid in bitcoin). Then miners encrypt all the transactions in a block and make a hash. This hash is used in the next block. This is why it's called "blockchain".

This process consumes a lot of electricity. A lot,Bitcoin mining operations now consumes more energy than small countries. The topic is a lot controversial and polemic, as bitcoin is usually mining where energy is cheap and is produced in excess, on the other side people say it's bad for the environment, but anyway...

Bitcoin Mining Now Consuming More Electricity Than 159 Countries Including Ireland & Most Countries In Africa

What? Crypto spends a lot of energy? What kind of energy do you mean? Precisely crypto has saved energy.
You have said something ridiculous.

I am sure it is a game of the elite banking conventional. They fear with the development of crypto that is increasingly popular. And I think, without advertising from google, the crypto remains popular.

not a fan of google, but this would be for the best for the market

I think it is a bit premature to group crypto in with explicit content such as pornography. Every single google-based crypto advertisement I saw was either a scam or looked like it could have easily been an exit scheme. Perhaps Google and internet advertisers will look to rework/establish new guidelines on how cryptocurrencies will be advertised using their platforms so a large number of scams aren't out in the open for any joe and jane to be looped into.

Honestly the market was doing better before I started seeing all these garbage scammy clickbait banners showing up.
I don't think its necessarily a bad thing.

So... Little by little, crypto is being brought down to the same level as porn, if advertisement rights are to be believed.

My oh my,anyboddy here have a good information for next step to us before its happen? Or should us move to yahoo for replace all acces to Cryptocurency buisnis?

This news is not new to us, cryptocurrencies like bitcoin have attempted to ban before and long time ago but it doesn't stop the community to continue to support the cryptocurrency world because decentralization is a form of freedom and no one can allow to suppress our freedom even the elite and wealthy can't stop our freedom. So such ban is just a temporary until such an alternative solution will be imposed.

I assure you, they're going to shut it down not in one swoop, but one by one. I haven't seen any much ads related to cryptocurrencies, ICO's and stuffs like that lately. It only means that they are taking this thing seriously. If you happen to see such similar ads to that, only time may tell until it is being removed from the site.


These companies have joined forces due to their same goal. Don't expect that this policy will only be implemented  in a single site. Google is a big loss for cryptocurrencies but there are sites that isn't being owned by it nor a partner of them. Even though they are just small sites with little scale of visitors, it will still make a difference for the cryptocurrency market.

I think, since many ico or cryptocurrencies ads made for any harmfull and scamming pottential over there, that's why google taking care about this and ann that they will ban that ads type.
But I think it's good for us, so the project  allocation fund for marketing will be allocated to bounty due to there is no choices from developments to introduce their project, and bounty campaign are the great way to do that. 

Since after the ban placed on bitcoin by Facebook, there had been a very high chance of the ban reaching other websites.But sincerely, I didn't expect google to be part of that legacy. All we need to do now is hope that the ban should be removed, if not bitcoin might suffer loss.

I'm sure there are lots of industries were scams are being perpetrated using Google Ads. If Google really wanted to help the situation they could check who is posting the ad and the authenticity of the link very easily. This would work with phising sites. No need to shut everything down is there??

Its funny to see Google and Facebook, once pioneering technology companies (now large bloated corporations) act in the same way as the establishment (shutting out the new to protect itself). People are getting banned on youtube for having slightly leftfield views and the issue of censorship is arising. It doesn't matter that they do this because ways around it will always be found.

There were a lot of scams being perpetrated by crooks using Google ads. It is also a way to discourage cryptos for the meantime until it matures more.

Nop, check their announcement: "Cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice)"

Source: https://support.google.com/adwordspolicy/answer/7648803?hl=en&ref_topic=29265

it's possible that mining (proof of work) encourages renewable energy sources adoption in a near future.
https://youtu.be/2T0OUIW89II
I don't think Google is worried about environment, probably there are other interests. Many phishing sites were using Google ads too, that was a problem...

Aren't they just banning exchanges, ICOs and stuff like that? They have brought it on themselves with all their scammy offerings.

Bitcoin Talk has introduced the merit system for much the same reason.

i think this ban is temporal until they find a way to regulate it and resolve in some kind.
meanwhile in the field of Facebook with a similar restriction, you can still find this kind of ads

I disagree. A blanket ban is not the answer and never will be. You can have the best project in the world, but if people don't know about it, then your project is pretty much dead in the water. 

I think it's good for the crypto community as most of these ads are scam ads which makes noobs fall for them, Great projects don't need ads more for advertisement, thou it affects crypto mainstream advertising negativity it also reduces victims of scam icos on a larger extent, either way it's a win win

I read it's a moral stand against man made climate change.

Crypto currencies are wasting a lot of energy right now...

Such ban simply ushers crypto currency in the limelight of things.
The elites are trying to frustrate digital money since they have little or no control over
it as it is decentralized.However, what may occur in the near future is an entirely
fresh and new development of other platforms to wholly and absolutely promote
crypto currencies, digital decentralized platforms and block chain.What Google and its likes
are doing is never to be part of the success story of crypto currency that has come to stay.

 After a long day at work, it became a habit for me to read news just to be informative on what's happening around. Then I bumped into this interested topic which came from our local news website.

Being a crypto enthusiast, I was baffled upon reading the entire body of the subject. Why such a tech giant such as Google doesn't want cryptocurrencies be advertised? We are already in the golden age of digital economy and more people became interested as time goes by.

"As per Alphabet Inc's Google, they will shutdown ads that contains cryptocurrencies this coming June.

The new policy implemented will ban advertisement that are unregulated or speculative financial products.

They (Google) want to improve the ads experience across the web, and crypto related ads has become more harmful and intrusive to the market.

Even Facebook already announced to ban ICO's, it will be implemented across all platforms including Instagram"
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Source: http://news.abs-cbn.com/business/03/14/18/google-to-ban-ads-on-cryptocurrencies-related-products