Google said on Wednesday it will ban cryptocurrency adverts from across its networks from this June a move that prompted a $600 drop in the price of Bitcoin the decision comes weeks after Facebook announced a similar ban on January and Google's ban will be imposed across its search and display advertising network as well as YouTube scammers have sought to capitalize on the combination of a growing interest among the general public in crypto currencies and a lack of technical understanding of how they work Google said from June it will no longer allow ads for crypto currencies and related content including but not limited to initial coin offerings crypto currency exchanges cryptocurrency wallets and crypto currency trading advice improving the ads experience across the web whether that's removing harmful ads or intrusive ads will continue to be a top priority for us Scott Spencer director of sustainable ads said in a blog post Spencer said Google removed 32 billion ads that violated its policies which equates to more than 100 bad ads every second it was more than double the amount removed in 2016 he told The Wall Street Journal the company removed more than 130 million ads that were used by hackers to mine for crypto currency a process known as crypto jacking the announcement had an immediate impact on the markets bitcoins price fell from almost nine thousand three hundred dollars to below eight thousand six hundred and fifty dollar in a few hours with the rest of the cryptocurrency markets with a couple of exceptions following suit when Facebook implemented it's been at the end of January enterprising advertisers found workarounds including purposely misspelling Bitcoin Google said it his policy will attempt to anticipate these tricks