Spencer said in his blog post that the crackdown is part of Google's efforts to protect consumers from 'online scams.'Ĭryptocurrencies have exploded in popularity over the last year thanks to a surge in the price of bitcoin at the end of 2017. Google follows Facebook in banning cryptocurrency related advertising on its platform. The new policies, which come into force in June, ban adverts for binary options and 'cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice).' Scott Spencer, Google's Director of Sustainable Ads, said in a blog post on Wednesday that the company has 'updated several policies to address ads in unregulated or speculative financial products like binary options, cryptocurrency, foreign exchange markets and contracts for difference (or CFDs).' LONDON - Google plans to ban all cryptocurrencies and binary options adverts, and is cracking down on ads for other speculative financial instruments. Google's crackdown comes amid sustained pressure on the tech giant over its advertising and content policing.

Facebook has also banned cryptocurrency adverts.The search giant is also cracking down on adverts for other financial products such as CFDs, spread bets, and foreign exchange products.Google is banning ads for cryptocurrencies and binary options from June.Account icon An icon in the shape of a person's head and shoulders.

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