Google to ban cryptocurrency and related advertisements

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Google 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 come into effect in June.

Google CEO visit to UK
Google CEO Sundar Pichai (Dominic Lipinski/PA)

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