Google is following Facebook’s lead by banning ads for cryptocurrencies and other “speculative financial products” across its advertising platforms.

Alphabet Inc.’s Google said the new policy will become effective in June across ads bought on its search and display-advertising network, as well as its YouTube unit. The policy also will restrict ads for nontraditional methods of wagering on the future movements of stock prices and foreign-exchange, such as binary options and financial spread-betting, Google said.

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