“The company is updating its financial services-related ad policies to ban any advertising about cryptocurrency-related content, including initial coin offerings (ICOs), wallets, and trading advice, Google’s director of sustainable ads, Scott Spencer, told CNBC.
That means that even companies with legitimate cryptocurrency offerings won’t be allowed to serve ads through any of Google’s ad products, which place advertising on its own sites as well as third-party websites.”1
According to a post from the company, the update will go into effect this June.
Spencer claims the company is doing this in order to protect consumers, “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.”2
However, what’s really driving them is money. You see, crypto-currency is still a “largely unregulated space” and because there have been multiple high-profile scams (and Google’s parent company Alphabet makes about 84 percent of its total revenue from advertising) it’s us or them.
How do you feel about what Google is doing? Do you currently own any bitcoin? And would you, as Dr. Mercola has suggested, consider using another search engine?