Internet giant Google confirmed recent market rumors and announced that it will be banning certain financial products from being advertised on its platform from June this year.
In June 2018, Google will update the Financial services policy to restrict the advertisement of CFD, rolling spot forex, and financial spread betting. In addition, ads for the following will no longer be allowed to serve:
Cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice)
The company will also restrict advertising on other products including CFDs, rolling spot forex, financial spread betting and binary options and synonymous products.
Facebook announced in late-January that advertisements “must not promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, or cryptocurrency.”