Google will ban online advertisements promoting cryptocurrencies and initial coin offerings starting in June, Bloomberg reports, referring to an update to the company’s policy.

The agency reminds that earlier Facebook social network took a similar step, though some aggressive businesses found a loophole: purposely misspelling words like “bitcoin” in their ads.


On this issue Google’s Press Secretary noted that the company will take relevant steps to prevent similar attempts.

The internet-search giant is also restricting ads for financial products including binary options.

Google’s updated policy came with the release of its annual “bad ads” report, a review of the number of malicious, deceptive and controversial ads Google scrubs from its massive search. In 2017, Google said it removed more than 3.2 billion advertisements from the web. That’s up from 1.7 billion in 2016.

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