(Reuters) – Alphabet Inc’s (GOOGL.O) Google mentioned on Wednesday it’s going to ban commercials for cryptocurrencies and related content material beginning in June.
Under the brand new coverage, the corporate will ban ads for unregulated or speculative monetary products like binary choices, cryptocurrency and monetary unfold making a bet amongst others. bit.ly/2Inxgg8
In a separate weblog submit, Google mentioned it took down three.2 billion ads that violated its promoting insurance policies in 2017, just about double the choice of ads it got rid of in 2016.
“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,” Scott Spencer, director of sustainable ads, mentioned. bit.ly/2IoTXQQ
In January, Facebook Inc (FB.O) mentioned it’s going to ban ads selling monetary products and services and products tied to cryptocurrencies and preliminary coin choices.
The coverage might be carried out throughout its platforms, together with Facebook, Audience Network and Instagram, the corporate mentioned.
Reporting via Abinaya Vijayaraghavan in Bengaluru; Editing via Gopakumar Warrier