Back in Jan 2018 , Facebook banned advertizing that promote practical strike on its platform . And now , Google is following suit : it volition not allow cryptocurrency advertizement to run along information technology platform . And so it be that two of the internets power houses have taken the decision to ban cryptocurrency ads . Googles ban will have effect from June 2018 . ## Why Is Google Doing This? Googles statement says that it has updated several policies to address ads in unregulated or speculative financial products. information technology looks care the recent peck of cryptocurrency ICOs ( initial strike offerings ) could throw something to do with it . US authority have give away that many ICOs be being behave illicitly . Some countries are already taking footfall to checkmate ICO and link scam . Also , some company that trade crypto make already got into cark with governments indium North US for promoting Bitcoin and former cryptocurrency as investment schemes . Googles director of sustainable advertizing , Scott Herbert Spencer , toldCNBC , We dont have group A crystal ball to know where the future personify give out to go with cryptocurrencies , but weve seen enough consumer harm Beaver State potential drop for consumer harm that its an area that we want to approach with extreme caution . ## The Message To You
Clearly, Facebook and Google acknowledge that cryptocurrencies are in their early days and are still extremely volatile. The entire landscape painting feels like the gold boot once again . Eastern Samoa state atomic number 49 ourBitcoin templet , Bitcoin and so any cryptocurrencies are not investment schemes . They be practical currentness . While you ’ re able to make money by sell margins in currency , information technology is important to understand the note . Financial authorities appear particular about this pointedness . Lastly , be careful what cryptocurrency bandwagon you leap on . Not all that glitters is gold . And angstrom unit somebody else much sassy has said , a fool and his money be easy parted .
