The largest search engine on the planet, Google, announced formally it will restrict advertisement of Cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice), including aggregators and affiliates regarding cryptocurrencies and related content.
The article itself completely:
news.bitcoin.com/following-facebook-google-bans-crypto-ads-no-currencies-icos-exchanges-wallets-advice/What do you think will happen to Bitcoin and his price?There should not be much effect on price but we may see some effects on the incoming traffic to the crypto related business. Because majority of the crypto advertising campaigns are done through Google advertising platform and if it is suddenly stopped, we will see an impact on new traffic. But I don't see any reason for price decrease just because of this reason. Goggle is just trying to stay out of the controversy I believe. Because If they really cared about its consumers, they should have banned ponzi and porn campaigns first instead of banning crypto advertising.