Google is to allow cryptocurrency-related advertising again.
Advertisers offering cryptocurrency products and services to US consumers can now advertise their wallets or cryptocurrency exchanges.
Potential advertisers need to be registered with the Financial Crimes Enforcement Network (FinCEN) as a “money services business and with at least one state as a money transmitter, or a federal or state-chartered bank entity”.
The multinational behemoth banned crypto and Initial Coin Offering (ICO) advertisements back in June 2018 before relaxing the ban yesterday. However, ICOs, DeFi trading protocols, or those promoting the purchase, sale, or trade of cryptocurrencies are still forbidden.
Google has also left out celebrity cryptocurrency endorsements and “ad destinations that aggregate or compare issuers of cryptocurrencies or related products”. This list includes cryptocurrency trading signals, cryptocurrency investment advice, aggregators, and affiliate sites containing related content or broker reviews.
Last month, social video network TikTok announced it was banning all crypto-based promotional content.
Singapore, Singapore, 19th September 2024, Chainwire
Grand Cayman, Cayman Islands, 12th September 2024, Chainwire
Warsaw, Poland, 20th August 2024, Chainwire
Singapore, Singapore, 20th August 2024, Chainwire
Grand Cayman, Cayman Islands, 26th July 2024, Chainwire
As usual, the crypto market is keeping everyone guessing what could happen next. After an…