Crypto Advertisers On Google Adwords Report Ad Suspensions And Account Terminations

Crypto Advertisers On Google Adwords Report Ad Suspensions And Account Terminations

 

Some advertisers utilizing Google Adwords for promotion other cryptocurrency related businesses are seeing a massive drop in ad use along with suspensions of both their ads and their Adwords accounts.

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Many ICO companies advertise on Google Adwords, which have dropped by the thousands. An ICO company Finance Magnates has connected the drop in use to the fact that Adwords is now defining their ads as “limited” as they are approved but will not displayed a certain age groups, regions, or devices.

A search of Google Adwords account issues brings up several posts regarding companies within the crypto sphere having written about their ads and accounts being suspended over such ads.

Responding to an inquiry titled “Why CryptoCurrency Accounts Block [sic] or Suspended?” I user by the name MosheTLV comments that Adwords Financial Services Regulation rules are not being followed by some crypto advertisers. Crypto related ads may be limited or blocked due to the “very high risk of crypto investing for customers which is not made clear in any detail”. This could constitute a violation of the financial services regulations.

In January of this year, Facebook officially announced the band of cryptocurrency related advertisements stating “misleading or deceptive promotional practices”. Other sources which spoke to Finance Magnates stated that Google is also can entering a ban of any cryptocurrency related advertisements in March. With that being said,Finance Magnates also reported that a Canadian regulator requested that Google initiate a ban on all cryptocurrency related advertisements however Google Insight, stating that the company did not want to limit an entire industry from advertising on the Google Adwords platform.

Google Adwords denies any change within their financial services regulations that would block cryptocurrency or ICO related advertising.

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