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Google to ban cryptocurrency and related advertisements

The move follows a similar move by Facebook, will take effect in June.

Google's web address is shown in this April

Google's web address is shown in this April 26, 2017, photo taken in Philadelphia. Photo Credit: AP / Matt Rourk

Google says it is going to ban advertisements for cryptocurrencies such as bitcoin, as well as related content like trading advice and cryptocurrency wallets.

The new policies, which also ban other complex financial products, will go into effect in June.

The Mountain View, California-based company announced the change Wednesday.

The move follows a similar step by Facebook earlier this year. The social networking giant updated its ad policy in January to ban financial products often associated with deceptive practices, including those involving cryptocurrencies such as bitcoin.

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