First Facebook and Now Google Preventing ICO or Blockchain From Going Public

June 2018 will come into full effect of Google putting restrictions on all cryptocurrency related advertising including coin offerings on its search engine.

I completely understand that there is so much shitcoin that now Google is coming forward with Facebook to prevent scam’s (BITCONNECT) to protect its public investors (you & i) from losing all our money.

On the flipside, ICO coin offering is already banned in South Korea but yesterdays news surprised the Korean crypto nation because they were going to reverse the law in few coming weeks.

One of our sources Cryptonews.com has reached out to Google headquarters for additional comments but the company didn’t respond.

Facebook issued its announcement with its decision to ban all ads that promote cryptocurrencies and ICOs happened this past Janurary – and in its new updated policy it also states that it will prohibit all ads that “promote financial products and services that are frequently associated with misleading or deceptive promotional practices.”

Experts from the Blockchain media supported Facebook’s decision mentioning “this is a good thing for the industry in the long run”. “the ability to promote potentially scammy ICOs with ads that the general public may get duped by would ultimately hurt ICOs as a whole”

The word on the street has it that the pressure of all this ban comes from the FBI – And advertisers have been complaining for some time on Google’s support page because the company had already been pulling ads for blockchain products restricting to specific geographical areas.

You can find the new policy that has been announced on Google’s AdWords support page.