Google To Loosen Restrictions on Crypto Ads, Will Allow Promotion of ‘Cryptocurrency Coin Trusts’ – The Daily Hodl

Google has announced that it is updating its policy on allowing cryptocurrency-related ads worldwide.

According to a new update From the company, the search giant will update its cryptocurrency policy in January 2024 to address advertising rules for what it calls Cryptocurrency Coin Trusts.

According to the announcement, US advertisers will be able to promote Cryptocurrency Coin Trusts through Google Ads if they meet the criteria and receive certification from Google.

According to Google, Cryptocurrency Coin Trusts are investment vehicles that allow investors to trade shares in trusts that hold various digital currencies. Google says the update emphasizes its commitment to complying with local laws and aligning with the expected approval of Bitcoin spot (btc) exchange-traded funds (ETFs).

The policy will take into account advertising for companies indirectly involved in cryptocurrencies, such as those that accept cryptocurrency payments, produce crypto mining equipment, or offer educational materials on Web3 and blockchain.

However, strict regulations will still apply to non-fungible token (NFT) games and other specific crypto products based on what the products offer.

Advertisements for hardware wallets and other cryptocurrency-related services will be allowed and will be subject to certain conditions. The policy also explicitly prohibits advertisements for initial coin offerings (ICO), decentralized finance (DeFi) services, and the buying, selling, or trading of specific cryptocurrencies.

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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and trading are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is it an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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