Re: [2018-03-15] Google to Ban Cryptocurrency Ads. Bitcoin Price Drops
Google shocked the cryptocurrency market with its updated financial products policy. According to the announcement, the largest international corporation made up its mind to disable digital currency advertising. At the same time, the Bitcoin value keeps its previous tactics a gradual markdown.
"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," Scott Spencer, Google's director of sustainable ads, told CNBC.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/google-to-ban-cryptocurrency-ads/
"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," Scott Spencer, Google's director of sustainable ads, told CNBC.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/google-to-ban-cryptocurrency-ads/
I don't know if the recent drop was due to google or not but one thing is for sure that this is not a good sign for the market. As one should be aware of that more than 70% search results happen on google and many ad help to boast the business for various ICO's. Also, it helps people to know about new companies and their plans. Basically it brings new customers in the market, and this ban can adversely affect the market.