According to a CNBC report, Google has decided to remove its ban on Bitcoin ads. The world’s largest search engine is joining the biggest social network, Facebook, in scrapping a ban on advertisements for cryptocurrencies from October.
The removal of this ban will allow for regulated cryptocurrency exchanges to buy ads in the U.S. and Japan.
A wave of bullish predictions for the Bitcoin price, last week, compelled the tech giant to take a decision in terms of removing the ban on Bitcoin-related ads on its search engine pages.
The ban was originally adopted as a way for Google to get a handle on the countless high-profile scams bitcoin’s sudden surge in value created.
The countless number of high-profile scams due to Bitcoin’s sudden surge in value was the original reason for the ban imposed by Google.
The roll-back on the ban suggests Google’s belief that regulators around the world are making actual progress against crypto-criminals.
When the ban was originally issued by Google in June, ads for Bitcoin-related services sent the price of Bitcoin down by 10%. Bitcoin, as well as other major cryptocurrencies, are far lower than their all-time high values, recorded at the beginning of the year.
Link to the original article, here
About Bank Of Hodlers
Bank of Hodlers is a Blockchain based firm that provides services in terms of ensuring security against Crypto thefts, providing Crypto credit cards and Crypto backed loans.
We are about to release our Airdrop in the coming weeks. Make sure you sign up and claim your early bird tokens.
Stay up to date with Bank of Hodlers by joining our Telegram community – https://t.me/BankofHodlers
Content creator; Writer, Composer, Producer