Google Updates Crypto Ads Policy for Switzerland Starting September 2024

August 22, 2024 at 5:50:49 PM

TL;DR Google will update its Cryptocurrencies policy in September 2024. From September 20, 2024, advertisers offering cryptocurrency exchanges targeting Switzerland can advertise if certified by Google and licensed by FINMA. Ads for hardware wallets that hold private keys but don't offer trading services are allowed. Advertisers must comply with local laws and be certified by Google. Policy violations will receive a 7-day warning before account suspension.

Google Updates Crypto Ads Policy for Switzerland Starting September 2024

In September 2024, Google will update its policy on cryptocurrencies and related products to clarify the scope and requirements for advertising cryptocurrency-related businesses and services.

Cryptocurrency Exchanges and Software Wallets

Starting September 20, 2024, advertisers targeting Switzerland can promote cryptocurrency exchanges and wallets if they:

  • Are licensed by the Financial Market Supervisory Authority (FINMA) in Switzerland.
  • Comply with other local legal requirements.
  • Are certified by Google.

Hardware Wallets

Ads promoting hardware wallets that hold private keys for cryptocurrencies, NFTs, or other crypto-based assets are allowed, provided they:

  • Do not offer additional services like purchasing, selling, exchanging, or trading assets.
  • Comply with local legal requirements.
  • Are certified by Google.

Compliance and Enforcement

  • Advertisers must comply with local laws in the areas their ads target.
  • This policy applies globally to all accounts advertising these financial products.
  • Violations will not result in immediate account suspension; a warning will be issued at least 7 days prior to any suspension.

For more details, refer to the section on restricted financial products certification.

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