Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Big Deal for Bitcoin? Google Updates Policies to Allow Specific Crypto Ads

Big Deal for Bitcoin? Google Updates Policies to Allow Specific Crypto Ads

CryptopotatoCryptopotato2024/01/30 03:13
By:Wayne JonesMore posts by this author

Google allows advertising of financial products for trading shares in digital currency trusts, including spot Bitcoin ETFs.

On Monday, January 29, Google is set to update its advertising policies to allow select cryptocurrency products to be promoted on its main search engine.

The revised guidelines are expected to significantly impact spot Bitcoin exchange-traded funds (ETFs), with industry insiders speculating that they may align well with the updated criteria.

Google’s Policy Update

The policy revision’s primary aim is to clarify the promotion of Cryptocurrency Coin Trusts. It outlines that advisers and advertisers focusing on the U.S. will have the opportunity to advertise cryptocurrency trusts, granted they meet defined criteria and receive certification from Google.

According to Google’s updated policies, financial products that permit investors to trade shares in trusts holding substantial pools of digital currency will be deemed eligible for advertising.

Spot Bitcoin ETFs, which allow investors to acquire a stake in the cryptocurrency without directly owning it, align with this criteria.

The policy, effective globally, also emphasizes compliance with local laws in targeted regions.

Violators will receive a warning at least seven days before a potential account suspension, allowing them to rectify non-compliance issues.

Google’s Policy Update to Boost Crypto?

The policy update follows the recent approval of 11 spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC) on January 10.

According to recent data from DemandSage, Google processes 8.55 billion searches daily, showcasing the platform’s vast reach and potential influence in crypto.

Due to Google’s robust transaction processing capabilities in search, cryptocurrency analysts are optimistic about the potential surge in spot Bitcoin ETF-related activities following the policy update.

The revision is expected to create new opportunities within the crypto industry, aligning with Google’s commitment to responsible advertising in the financial sector.

In a statement, Google expressed its commitment to providing users with sufficient information to make informed financial decisions and protect them from potentially harmful or deceitful practices.

“Our policies are designed to give users information to weigh the costs associated with financial products and services and to protect users from harmful or deceitful practices,” the company stated.

You Might Also Like:

  • This is the Most Interested US State in Spot Bitcoin ETF
  • Spot Bitcoin ETF Enthusiasm Spurs Increased Capital Inflow into Crypto markets
  • ProShares Bitcoin Strategy ETF (BITO) Hits Record $2B in Assets Amid Spot ETF Anticipation
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!