Wednesday, March 14, 2018

Cryptocurrencies Fall As Google Announces Ad Ban

I was wondering how long it would take for Google to follow Facebook's lead on this.

Google is banning ads related to cryptocurrency from its vast advertising network, effective in June. The move follows a similar decision by Facebook in January. The shift comes as cryptocurrencies—and especially "initial coin offerings" of new digital tokens—have come under increasing scrutiny by regulators. Last week, the Securities and Exchange Commission warned that many cryptocurrency exchanges are operating outside the law.