Not long ago, Facebook announced that they are banning all cypto-related advertisements on their site.
Just days ago, Google followed suit, saying crypto ads will be banned on all their properties, including
YouTube. Now there are rumors that Twitter will also be stopping this type of ad.
This can make things quite difficult for newer coins and tokens that are looking to gain some attention
and interest through advertising.
While these big companies are claiming that they are banning crypto-ads because they are very risky,
that doesn’t really make much sense. The same companies will allow many other types of advertising
that involve risk, so what sets crypto apart.
One would think that these tech companies should understand the potential that cryptocurrency has to
revolutionize the world. Tech companies are very new still, and shouldn’t be pushing the status quo.
This begs the question, why are they making this move?
Not only does this make it more difficult for new companies to succeed, but it also makes many people
even more hesitant to get involved with crypto mining, or investing.
Of course, there is no way to know for sure what is the full motivation behind these decisions. It could
just be ignorance on the part of those in charge of the companies. It could also be that they are being
‘encouraged’ by governments to attempt to cast doubt on the concept of cryptocurrencies to slow down
their progress.
Anyone interested in cryptocurrency, and especially marketing or advertising for cryptocurrencies,
should be looking closely at the moves that are being made by Facebook, Google, and possibly Twitter.
As crypto quickly expanded through 2017, a great many people predicted that there would be a strong
pushback from governments, and news agencies to slow its growth. Perhaps this is just part of that
prediction coming true.
