Key Points:
- Google crypto policies will permit advertising of select cryptocurrency products, including Bitcoin ETFs, on its main search engine.
- Advertisers meeting specific criteria and Google certification can promote cryptocurrency trusts in the U.S.
- The new Google crypto policies aim to clarify Cryptocurrency Coin Trust advertising, promoting responsible financial decisions.
On January 29, Google is set to update its advertising policies, opening up opportunities for certain cryptocurrency products to be promoted on its main search engine.
New Google Crypto Policies Open Doors For Cryptocurrency Advertising Update
These Google crypto policies, reported by Cointelegraph, are particularly significant for Bitcoin exchange-traded funds (ETFs), which are speculated to meet the revised criteria.
According to the new Google crypto policies, advertisers targeting the United States can promote cryptocurrency trusts if they meet specific requirements and are Google-certified. The policy, applicable globally, emphasizes adherence to local laws in targeted areas. Violators will be given a warning at least 7 days prior to a potential account suspension, allowing time for compliance.
The update aims to bring clarity to the advertising of Cryptocurrency Coin Trusts, specifically financial products facilitating trading in trusts holding digital currency pools. Cointelegraph had previously reported in December 2023 about the forthcoming revision of Google‘s crypto advertising policy.
Google expressed its intention to provide users with sufficient information for informed financial decisions, stating:
“Our policies are designed to give users information to weigh the costs associated with financial products and services and to protect users from harmful or deceitful practices.”
Due to Google’s robust transaction processing capabilities in search, cryptocurrency analysts are optimistic about the potential surge in Bitcoin ETF-related activities following the policy update. The revision is expected to create new opportunities within the crypto industry, aligning with Google’s commitment to responsible advertising in the financial sector.
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Source: https://coincu.com/245245-new-google-crypto-policies-will-support-ads/