Bitcoin price drops after Google announces ban on cryptocurrency ads

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Under Designer Replica Bags the new policy, Google said it would ban ads for cryptocurrencies and related content Wholesale Replica Bags such as initial coin offerings, crypto exchanges and cryptocurrency wallets and advertisements providing trading advice.

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The CEO of the high quality replica handbags UK arm of Coinbase, one of the largest bitcoin exchanges, said Google decision was a positive development that would not dampen demand, although he viewed the ban as too widespread. It should be narrowed down to companies that pitch cryptocurrencies as investments promising a return, Zeeshan Feroz told Reuters.

The price of bitcoin traded on the Luxembourg based Bitstamp exchange fell almost 10 percent to $8,201, the lowest since Feb. 12. It was last down 8.7 percent at $8,337.51

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Google also cheap replica handbags said on Wednesday it would stop ads for financial products like binary options and synonymous products, contracts for difference, rolling spot forex and financial spread betting.

Companies wanting to promote those products would need to be registered with the relevant financial regulators before they could advertise again.

replica designer bags wholesale In a separate blog post, Google said it took down 3.2 billion ads that violated its advertising policies in 2017, nearly double the number of ads it removed in 2016 replica designer bags wholesale.

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