Yasheng Group (US) News

March 16 2018

from several sources - Advertisements for bitcoin and other virtual currencies will soon disappear from Google.

The company said that it will ban ads that promote cryptocurrencies starting in June, part of an effort to clear

 unregulated financial products off its platform. The move follows similar steps by Facebook in January. Google

announced the change and the ban applies to ads that promote cryptocurrencies and exchanges, as well as initial coin

offerings, which allow companies to raise money by selling virtual currency.

"Improving the ads experience across the web, whether that's removing harmful ads or intrusive ads, will continue to 

be a top priority for us," said Scott Spencer, Google's director of sustainable ads. Big advertisers like Unilever

have demanded that both companies (more 60% of spending on digital ads in 2017), do more to remove objectionable  

and illegal material from their platforms. The SEC warned that traders should only buy and sell cryptocurrencies on

 exchanges registered with the financial regulator. Digital currencies aren't regulated - yet.

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