Go to your Advertising Settings page, and you’ll be able to manage your advertising preferences.  You will still receive the same number of ads, however they may be less relevant.

Web version

Just click "Partners List" to see your preferences and allow/disable all consent:

Mobile version

Head over to Settings, then Privacy and set your preferences:

More information about the General Data Protection Regulation (GDPR) can be found here.

For further information about how to manage your SoundCloud account go here