No, Google AdWords hasn’t backtracked its policy on cryptocurrency ads

Despite the company itself looking into developing its blockchain, Google’s ads department announced earlier this year that it would be banning all cryptocurrency-related ads in an effort to combat malicious actors in the space.

Now, many reports are surfacing suggesting Google has backtracked on this policy. Unfortunately for companies in the crypto space, however, they aren’t true.

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Over the last few days, a flurry of reports in the cryptocurrency blogging space have suggested that Google AdWords — now just Ads — had changed its mind on banning cryptocurrency-related ads, mostly based on a single Redditor’s screenshot showing a Coinbase ad that had recently made it through the filter.

The community quickly jumped to the conclusion that Google had for one reason or another walked back its ban on crypto ads — or at least decided that certain above-board companies like Coinbase deserved some special kind of whitelist.

That’s…