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Google to ban cryptocurrency advertisements from June

Google will ban advertisements for cryptocurrencies and initial coin offerings from June as part of a move to clamp down on unregulated financial products.

The move follows similar measures by Facebook in January which banned all advertisements for cryptocurrencies and ICOs - a crowdfunding mechanism using digital currencies - after it decided many of them were being used to mislead potential customers.

Cryptocurrencies such as Bitcoin and related ICOs have exploded in popularity over the past year but the area is unregulated and open to scams.

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