10:48 GMT +321 October 2018
Listen Live
    Cryptocurrency Art Gallery

    Twitter May Ban Most Cryptocurrency Ads Amid Regulation Concerns

    CC0 / Namecoin / Cryptocurrency Art Gallery
    Tech
    Get short URL
    230

    Twitter is reportedly considering banning advertisements for initial coin offerings (ICOs), token sales and cryptocurrency wallets globally.

    In an unconfirmed report by Sky News, the micro-blogging network is allegedly looking to change its policy on almost all cryptocurrency exchanges, with some limited exceptions.

    Twitter’s reported crypto ad ban would come in the wake of Facebook and Google prohibiting financial advertisements due to fear of misleading or deceptive promotional activities.

    The new advertising policy is set to be implemented in the next two weeks.

    However, the micro-blogging network has not yet responded to these reports. 

    Back in January, Facebook banned financial advertisements due to concerns of illegal activities.

    Later on, Google followed suit by prohibiting ads for cryptocurrencies, including initial coin offerings, cryptocurrency exchanges, wallets and trading advice services.

    Twitter has recently faced a large number of fake accounts pretending to advertise cryptocurrency giveaways, often pretending to be people famous in the crypto-sphere, like Litecoin’s Charlie Lee.

    Related:

    Twitter’s ROFL Moment Over Rodchenkov's 'Revelations' on 1980 Olympics
    'Glow Up' Trend Hits Twitter With People Sharing Transformation Selfies
    'Hoax Show': Twitter Enraged as Theresa May Visits 'Toxic' Salisbury
    Twitter on Fire as Trump Busted 'Lying' to Strategic US Ally
    Trump’s Bunnies: Roasting Orgy on Twitter After Don Jr.’s New Photo
    Tags:
    advertisement, social media, cryptocurrencies, Twitter
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment