Google To Ban Ads on Cryptocurrencies
Image source: images.google.com
After Facebook has already completely banned or discontinued advertising for cryptocurrencies, another Internet giant is now catching up with Google. However, the new changes should not come into force immediately, but only in June of this year.
At the launch of the annual "Bad Ad" report, it was announced that there will be a change to the justifications for advertising in the financial sector. These include a whole range of topics, including cryptocurrencies. The message says:
Ads for aggregators and affiliates for the following will no longer be allowed to serve:
- Contracts for Difference
- Rolling spot forex
- Financial spread betting
- Binary options and synonymous products
- Cryptocurrencies and related content.
According to the message no more advertising, which in a broader sense has to do with cryptocurrencies thematically. This includes the application for cryptoexchanges, ICOs and wallet providers.
Nevertheless, it should be possible for advertisers to obtain certification for advertising in these areas if certain guidelines are adhered to. The update will be rolled out at the beginning of June.
According to Google, the reason for this step is the protection of the users themselves and the guarantee of a perfect web experience for all users. These measures are necessary because they are also a very sensitive area.
I guess with all the scams, it has become impossible for Google to discern which advertisers are legitimate and which are fake. They can't even stop fake wallets from making into their App store.
I can't blame Goggle for this heavy-handed approach, but I'm afraid this is the only thing that will stop the rampant scams at this point.
I’m more inclined to believe this is the reason as opposed to some sort of deep state conspiracy against crypto. If you look at the ICO nu,very, I think it was something like 75% of ICOs were failures or scams.
I'm with you, to some extent. There are so many scams out there, just look at BitConneeeeccct.
With so little regulation, and because crypto remains an emerging market, I think they have to take a fairly generic approach to it. They can't be specific because nobody really has the specifics yet.
How about the diet, supplement, health, dating, erectile dysfunction and other scams that fill my screen?
You got a 14.29% upvote from @redlambo courtesy of @jmehta! Make sure to use tag #redlambo to be considered for the curation post!
I think there is a conspiracy going on against crypto currency, I think there are some major world power who are really Concerned about the rise of crypto,
For me it's a step of many other, I do hope crypto can withstand it.
I agree with you. In the five bullets above, the first four are fairly specific while the last one about crypto currencies is very general. I think I will respond to this by banning google. When I'm not on Steem, and I need to search for something I will just Bing it. :)
I have seen a lot ICO's lately that targeted on bringing advertisement and blockchain together, maybe that news will set an impulse on that industry. Every bad news is a chance for a new opportunity, so we will see.
And Presearch is attempting to take over the Search Engine market, let's not forget that. Perhaps Google is feeling threatened? Unlikely, but plausible.
Dont use google...use duckduckgo.com
No joke.. I started using Duck Duck go awhile back.. This is only the latest in Google censorship.. BUT not only that, they have been recording your every move on the web and selling it to the highest bidder for years.. BUT all of a sudden they are "worried" about our safety and internet experience.. YEAH right..
That wasn't a joke. . DuckDuckGo does not track you, does not give you personalized results, and respect your privacy. Competition is good for the customer and having a single company controlling so much of the internet is really unhealthy, here are a few figures about Google’s market share:
80% of the online searches
88% of online search advertisement
60% of browser market share
90% of the mobile OS
I was surprised to see the search functionality on Steemit is powered by Google which serves ads on it.. Duck duck go sounds a lot more aligned with the values of Steemit so I hope there is a way seach results on Steemit search bar can be replaced by duck duck go. .
While Duck duck go has a long way to go, Grandpa Google is not letting it grow.
I generally recommend that everyone use only pornohub! :) And nice and does not spoil your nerves, like Google!
I can’t say I haven’t use that search engine. LoL
I think you misunderstood my broken humor maybe. my comment.,. I agree with you 100% I use Duck duck go because it doesn't track.
lol...checked that out...first thing I wanted to do was search Google News...lol...
Peace.
No empire lasts forever. Sooner or later, Grandpa Google is going to be overthrown. I'm going to check out Duck Duck Go right now!
I tried it years ago; and, found myself back at Google. I gave it a try again yesterday; and, so far so good; but, it's far too soon to say I'm 100% on board. I'm of the belief it's all interlinked on some level ;+).
Peace.
I hope so too, we need to win this we have been enslaved for too long and taxation is THEFT!
Agreed. Facebook and Google seem to want to control everything. They are going to fail, as they are directly in opposition to what people (their customers) want. They are acting very dictatorial.
Sounds familiar: Google, Facebook, SEC
"According to the SEC, being accredited investor shows that an investor is sophisticated and has sufficient funds so as not to need the same protections as an unsophisticated poor investor." As a poor person the SEC is trying to protect my 5K that I am trying to invest in some ICO . But those rich credited investors have open a casino 5 miles from my house where I am completely free to walk in any time with the same 5K. Thank you SEC. I love free USA
This is just another step towards keeping anything from taking business from Google. The other items on the list make sense but this is definitely an act to "kill the competition". If you think about it, many cryptocurrencies aim to take away from big players like google. ADX being one. Also, newer blockchains aim to take advantage of Google's algorithms regarding content to further the blockchain. At the end of the day though, the market always wins it could take years but at some point you cant just silence a better product.
It does make business sense. Swarm of crypto investing videos opens them up to litigation risk and minimal advertising revenue than say someone trying to promote household products. Risk reward of crypto content isn’t worth it for the likes of FB and Google.
Maybe that's not so bad.
Advertising has taken over the top anyway and is almost annoying. People who want to operate in such markets are looking for a way to participate. They don't need advertising. And maybe the scams will then disappear from the market, which will remain a wishful thought. 😉
Its really a sad new :( but hope for good! Like all other fuds crypto will survive this fud too!
These approaches are too heavy. Google and Facebook have a lot of influence over what people think and believe. No matter their intentions, 'No ads on cryptocurrencies' generally translates to 'Cryptocurrencies are bad for our users and we don't believe in them'.
News like these are contributing majorly to the persistent downtrend of the crypto market.
So conflicted about this. Because the core idea behind cryptocurrency is a really interesting and valuable step in the right direction. However, so many shady people are exploiting the hype around it for ill-gotten gains. Even as a fan of crypto, I can't really blame Google for making this decision.