We will not only discuss here about the cryptocurrency history with Google but also we will put our point of view about cryptocurrency and cryptocurrency related ads in Google based platforms.
Google Ban Over Cryptocurrency Ads
In June 2018, Google Company decided to ban cryptocurrency ads. And this decision was very shocking for most of the people who were new in this field of cryptocurrency to start their business with crypto payment systems.
As all of us know very well that there is no best alternative to Google advertising network, So this made Cryptocurrency related startup advertisement more costly.
Possible Reasons To Ban Cryptocurrency Ads By Google
Since ban of cryptocurrency related ads was not fully. It was a partial ban. Google allowed only a particular category of advertisement which is related to cryptocurrency.
The possible reasons to ban cryptocurrency ads are many but here we will discuss only particular and main reasons that are responsible for the ban of cryptocurrency ads.
Money Protection :
This is the most important factor which is responsible for this type of ban because the cryptocurrency market is much volatile. At one side if the market can jump to very high then at another side the market can fall rapidly to very down.
These types of things may result in loss of money for newbies. Ads are specially made for new people to get engaged with the ads related services, but if a person will lose money in the very beginning then how can he believe the advertisement network.
Since it is not the responsibility of the ads network, whether a user lost his money or making his money but still due to the huge reputation of Google ad network, Alphabet Inc. decided to ban cryptocurrency related ads.
Scam With Cryptocurrency :
Identity of a cryptocurrency user can’t be tracked. Since all the transactions are visible to everyone but no one can stop the transaction of that amount of money. So in case of any type of hacking like situation, even the cryptocurrency owner or team will not be able to help the victim.
Ponzi Schemes :
The decision of cryptocurrency ads ban by Alphabet Inc subsidiary of Google, was taken in June 2018. And this was that time when lots of ponzi schems were running in this field of cryptocurrency like investment, ICOs Project and Many similar Crypto related projects which were based on money rotation.
So many types of ponzi schemes existed at that time on the internet was also the main reason to ban cryptocurrency ads.
Impact Of Cryptocurrency Ads Ban On Cryptocurrency Market
Due to this decision of cryptocurrency ads ban by Google, The whole market of the cryptocurrency dumped by approx 7%
This clearly shows how people mentility works and how people’s thinking is attached with the decisions and rules of Big trusted companies like Google.
TrurBitcoiner Team’s Experts Point Of View About Cryptocurrency Ads Ban By Google
The decision of the cryptocurrency ads ban was almost 100% in very starting but after that Google allowed to advertise few safe things related to cryptocurrency ads.
Similar kind of ban was imposed by Facebook also in the same time interval.
Here we don’t need to get into any type of panic by such types of decisions by Google or any high profile trusted company because they are only banned cryptocurrency related ads, not cryptocurrency related websites.
Google knows everyone’s potential. They are imposing such types of restrictions because they were to make their whole system more friendly for an internet user.
So we don’t need to take any type of tension about such things and also we all of us know very well that Google and Facebook both have their own coin , Google coin and Libra coins respectively.
So we need to understand the chronology, not the things which are going on the basis of reputation.
IF YOU GUYS FIND THIS ARTICLE HELPFUL IN ANY WAY THEN DON’T FORGET TO SHARE WITH YOUR FRIENDS AND ALSO DON’T FORGET TO SUBSCRIBE OUR BLOG FOR MORE NEW NEW EDUCATION AND UPDATES IN THIS FIELD OF CRYPTOCURRENCY IN SIMPLE AND EASY LANGUAGE.