Guys hi,
Did you hear about it?
In a post published Tuesday, the firm suggested that it will certainly change its existing monetary product restriction listing in June this year, blacklisting ad web content including yet not limited to initial coin offerings (ICO), cryptocurrency exchanges, cryptocurrency purses, as well as cryptocurrency trading suggestions.
Such advertisements will not be allowed to serve, the blog checks out. In addition, the restriction will relate to Googles both proprietary as well as associated ad systems.
We do not have a crystal ball to know what the future expects the market to cry out. But we have seen enough harm for consumers in this area, so we want to approach it with particular caution, - said on Google.
The bitcoin price was largely unchanged after Googles announcement.
source:
http://icowatchers.co/google-will-ban-ico-and-crypto-advertisements/I am little sceptical about this announcement. I havent seen any such posts coming out of Google and Icowatchers blog also did not cite any link to their blog. So the source remains unknown and un-verifiable.
But if this happens, it will not be a good news for the community. A large portion of the Cryptocurrency marketing is done through google ads. If it suddenly gets stopped, it will harm the market in a big way. Google should have stopped ponzi advertising instead of Cryptocurrency.