❎ Google Will Ban Cryptocurrency Ads
The Internet Giant follows the recent regulation of Facebook and will not allow advertisers to promote their crypto businesses.
Hello, I'm Big Brother and I think Bitcoin is not safe for you.
It seems like a Dejavu
Just recently Facebook had shut down all crypto-related advertisements on their platform and now Google joins the move against Crypto.
The offensive fight against the new Technology is justified with a small change log regarding advertisements in the financial sector as you can read here
In the message you will find that aggegators and affiliates of the following financial services will no longer be allowed to serve ads:
Ads for aggregators and affiliates for the following will no longer be allowed to serve:
- Contracts for Difference
- Rolling spot forex
- Financial spread betting
- Binary options and synonymous products
- Cryptocurrencies and related content
What does this mean?
Regarding crypto, this means that there will be no more Ads regarding Crypto's and even topics that are related to Crypto.Most notably, Exchanges, ICOs but I assume even blockchain-tech related content. A huge number of affiliate advertisers will also be effected by this change.
The changes will not take effect immediately, they will be rolled out in June 2018.
Google does offer a certification, that advertisers will be able to obtain if they want to advertise in this area and can follow all of Google's guidelines. Power much?
Obviously, Big Brother tells us that the reason for this step is the protect users from themselves and to provide a better search experience for all users.
But we all know what's up, don't we?
This is a major setback in terms of cryptocurrency adoption. Think of all the services, businesses and start-ups that are trying to spread the message and onboard new users - they are now deprived of the single most effective marketing tool, and have to beg Google for permission.
Hundreds of crypto-related websites will not be able to get this permission and will be demonetized.
I am astounded to see the sheer amount of power and influence this tiny notice of censorship exemplifies.
Are they scared?
Google only has as much power as we give power to it.
Fuck Google, use DuckDuckGo
Stop using Google, Make the switch Part 1
Stop using Google, Make the switch - Part 2
Nick ( @cryptonik )