World Bulletin / News Desk
"In June 2018, Google will update the financial services policy to restrict the advertisement of Contracts for Difference, rolling spot forex, and financial spread betting," Google said in a statement.
It will also ban the advertisements for binary options and synonymous products, cryptocurrencies and related content.
The move followed similar measures by Facebook which announced in January that it would ban all advertisements for cryptocurrencies, including Bitcoin, the world’s most popular cryptocurrency.
Following Google's announcement, the value of the cryptocurrency Bitcoin decreased over 2 percent and reached around $9,000.