Under the new rule, Google will promote cryptocurrency exchanges and digital wallets on its platform.
Google is changing its policy regarding cryptocurrencies.
In view of the popularity of cryptocurrencies, Google has announced a change in its advertising policy. The new policy will be implemented from August 3. Under the new rule, Google will promote cryptocurrency exchanges and digital wallets on its platform. At present, it has been started from America.
In a blog post released by Google, it has been said that the new rule will be applicable only for US Wallet. Although the promotion can be done globally. The company said that it will change its financial product and service policy in August. This policy will be applicable only for those crypto wallets which have been registered with Federal or State Chartered Bank.
will not promote these things
It has also been said in the blog post that Google will not promote further for Initial Coin Offerings ie ICOs. Apart from this, if the purchase or sale of cryptocurrencies is being promoted with the help of an ad, then Google will also ban it on its platform. Apart from this, the company will include products like cryptocurrency loans, token liquidity, celebrity endorsements in the list of bans.
For now there will be lethargy in bitcoin
Today all cryptocurrencies are seeing a boom. Bitcoin is trading at the level of $ 39103 with a gain of 4.65 percent. Ethereum was trading at the level of $ 2854 with a gain of 5.25 percent. Here, according to the report of CNBC, Nikolaos Panigirtzoglou, strategist of JP Morgan, said in a research note that there is still more correction in its price. After Elon Musk’s tweet, the price of bitcoin had fallen drastically in the second fortnight of May and it reached below 30 thousand dollars. Its all time high is about 65 thousand dollars. In this research note, the true value of bitcoin for the medium term has been estimated to be between 24 thousand to 36 thousand dollars. (Bitcoin price range 24000-36000 dollars)
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