Google Loosens Crypto Advertising Ban

bartosimpsonio

bartosimpsonio

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The policy change allows U.S.-registered cryptocurrency exchanges and wallets to advertise, but ICOs, DeFi, and buying advice are still barred.

Google today opened its advertising network to cryptocurrency exchanges and wallets, but only if they are registered with U.S. financial authorities.

The policy by Google, which controls almost 30% of the U.S. digital advertising market, still bans any companies “promoting the purchase, sale, or trade of cryptocurrencies or related products,” as well as those offering any type of buying advice.

https://coinmarketcap.com/alexandria/article/google-loosens-crypto-advertising-ban
 
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Eligibility: Not everyone will be able to run these ads. You’ll only get access if you target the United States. You will also need to:

  • Be registered with FinCEN as a Money Services Business and with at least one state as a money transmitter, or:
  • Be registered with a federal or a state chartered bank entity
It goes without saying that the barrier to entry will be high.
 
Google and Amazon are hungry for money. They just move one inch at a time in any direction to see if they can make profits. Lets see if Google allows everyone in a few months.
 
As for me, this is a very good solution, but let's see how effective and efficient it will be.
 
It's pretty much the same policy as gambling / casino advertise
 
One inch at a time. Let's see what happens in a couple of months
 
bartosimpsonio said:
Google today opened its advertising network to cryptocurrency exchanges and wallets, but only if they are registered with U.S. financial authorities.
Click to expand...

does this mean if you have a wallet with one of these entities who is registered with US financial authorities, whatever you do, gets reported for tax purpose?
 
fb3003 said:
does this mean if you have a wallet with one of these entities who is registered with US financial authorities, whatever you do, gets reported for tax purpose?
Click to expand...

Great point! You're probably not too far off the truth there
 
Somehow I still see a few crypto shit coins running ads on google, somehow slipping under their radar perhaps
 
About time... can't wait until it's fully adopted.
 
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