I think the twitter must be misinterpreting what google said would go into effect on august 3rd:


Source: https://support.google.com/adspolicy/answer/10688110?hl=en

honestly i don't understand google, they let hyip site scammers do whatever they want for years and have never done anything to stop hyip site scammers from doing no harm, but google has gone to great lengths to ban bitcoin

I've tried to type bitcoin in google to see if there will be some top banner ads and search result ads but there's none that existed after typing that keyword.

But if this is true, there will be more scammers that's going to take advantage of it and hopefully that they've got a better filtering this time as they allowed it again.

The ban has been lifted and was given the 3rd of August 2021 for reconsideration only on one condition ..only the ones that have their wallets and exchange registered with FINANCIAL CRIMES ENFORCEMENT NETWORK (fincen) will be authorised formally by google..
Encrypted but decoded😎
Follow these link below
https://www.cnbc.com/2018/09/25/google-reverses-ban-on-cryptocurrency-exchange-advertising-in-us-japan.html

No, you shouldn't use tweeter for this news if you want updates related to their ads you should always check their announcement. Like this announcement below
- https://support.google.com/adspolicy/answer/10688110?hl=en

Because of this announcement, it won't be easy for those who try to advertise on Google to make ads for crypto unless if they are verified and registered on FinCEN.

About the price impact, this news is already posted by some users here and already spread on the news and blogs. It was announced last June.

As you can see on the chart the price of bitcoin reaches the 40k level from 30k yesterday so it might be one of the reasons why the price increased to 40k yesterday.

The market is harmed by those news and changes in policies from both governments, big companies but they change their policies. Up and down, ban and ban lift.

I've never worried about these bans because I know they will lift unreasonable bans later. Governments need tax, ban lift together with more regulations help them. Companies need income, ban lift help them.

Together, we will see more bans and ban lifts with the growth of law regulations and bigger adoption on Bitcoin and crypto.

I've also read this tweet just a while ago but I cannot confirm whether this tweet is based on reliable information or just rumor. Documenting Bitcoin itself did not cite the source. Neither did it even expound more on it. It could have referred to Google's lifting of the ban on cryptocurrency exchanges and wallet advertisements, which happened a couple of months ago.

Anyway, not a big deal to me. Google ads is full of phishing sites and scams. Not only do they allow them, they are also slow in removing them following reports.

Visited the actual site of Google and haven't found that right image above. Looks like a shill but to be honest it's a good one. This kind of things do matter but hoping google will be true to what they states.

It's just a rumor but Google's decision change everytime maybe they saw something bullish coming ahead again and they allowed it.

Were they ever banned?
As I remember Google (alongside a lot of other services) banned advertisement of scams including the ICO and all the alternative names for token scams, cloud mining scams, malwares disguised as wallets, pump and dump groups, ... Any legitimate business could still advertise.

Same like China. They only banned ICO to make barriers on scammers. They want to restrict access of scammers to investors.

I buy Bitcoin and hold it so I don't care about bans from companies. Because they can not get my Bitcoin. Will ban from Google can damage institutional investment trend? Will people believe in CBDCs more than in Bitcoin?

CBDCs borrows idea and technology from Bitcoin & altcoins to help governments minting their money more easily and save production cost. The cost will be smaller than printing fiats in factories. They will be able to more easily trace flows of CBDCs through ledger. It will be easier than with banks.