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Bitcoin price tumbles at Google Ads ban
15 March 2018, 05:33 | Clyde Nash
Bitcoin the largest cryptocurrency by market value pared an advance of about 2% after Google’s announcement
Google, the largest search engine in the world has announced that it will change its financial product policy come June 2018.
For the last few months, cryptocurrency-and bitcoin, in particular-has been all the rage, except Google doesn't seem to think so.
And that focus is being directed towards crypto advertising as well as other unregulated financial products such as binary options.
While it seems that the move does not target cryptocurrencies specifically, the fact that crypto-related content is poised to suffer the harshest restrictions under the new policy suggest that Google may view digital currencies as more problematic than other financial products.
Google has revealed that in took down more than 3.2bn ads that violated its advertising policies past year, more than 100 every second.
"We're constantly updating our policies as we see new threats emerge", Google's director of sustainable ads wrote in a Wednesday blog post.
Selma Blair: 'Cameron Diaz has retired from movies' She also doesn't use social media that much-her last Instagram post was from November 2016. "Which is a hard thing to face up to". The accompanying website has Goop-esque self care vibes-meets 2006 AIM profile "live-laugh-love" positivity.
Stansfield, the Head of Global Product Policy, Monetised Products, Google Trust and Safety Europe, the Middle East and Africa, gave the figure during a video conference.
Facebook's revised policy on ads has been intentionally kept broad while it works to improve detection of misleading and deceptive advertising practices and enforcement will commence to ramp up across all its platforms including Audience Network, Facebook and Integra. This means we're able to block the majority of bad ad experiences, like malvertising and phishing scams, before the scams impact people.
The ads in question included those automatically sending users to malware sites (79 million), "trick to click" ads, which frequently appear as system warnings to entice users to click (66 million), and ads with the motive of getting users to install unwanted software (48 million).
On 14 March, 2018, bitcoin price was heading south, impacted by an announcement on its new policy on Google ads. In terms of cryptocurrency-related content, the advertising ban includes everything from initial coin offerings (ICOs), cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice. Future advertisement of these products will require a certification process through Google. Google for the first time has invested in a Fintech company.
The move will give users the "comfort of knowing transactions are subject to more stringent legal requirements around financial crime and the segregation of customer's money, which can only be good news", said Bradley Rice, senior regulation lawyer at law firm Ashurst.
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