RATE Group | Google Is Scrapping Its Bitcoin Ad Ban — Here’s What That Will Mean
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Google Is Scrapping Its Bitcoin Ad Ban — Here’s What That Will Mean

25 Sep Google Is Scrapping Its Bitcoin Ad Ban — Here’s What That Will Mean

Posted at 16:38h in Bitcoin News by

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It would appear U.S. search giant Google shares the opinion that the worst could be over for bitcoin and cryptocurrencies and has decided to un-ban bitcoin ads, according to a CNBC report.

The Alphabet owned Google is joining social network Facebook in scrapping a ban on advertisements for cryptocurrencies from October — allowing regulated cryptocurrency exchanges to buy ads in the U.S. and Japan.

Ben Gomes, Head of Search, speaks at Google Search’s 20th Anniversary Event on September 23, 2018 in San Francisco, California. (Photo by Amy Osborne / AFP / Getty Images)

The decision to un-ban bitcoin-related ads on the world’s biggest search engine comes after a wave of bullish predictions for the bitcoin price last week.

When Google initially banned ads for bitcoin-related services in June it sent the price of bitcoin down by some 10% and bitcoin, as well as most other major cryptocurrencies, are far down from their all-time highs at the beginning…

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