Twitter Will Ban Cryptocurrency Ads in a Couple of Weeks, States Report
Facebook said in a blog post in late January that it might block “ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary alternatives, initial coin offerings and cryptocurrency.”
Internet giant Google announced only last week that it would incorporate cryptocurrency into its limitation list starting in June of this year, effectively banning ads for crypto trades and nominal sales.
The leader in blockchain information, CoinDesk is a press outlet that strives for the greatest journalistic standards and abides by a strict series of qualitative policies.
Sky News reported Sunday that the U.S.-based social networking giant is looking to roll out a coverage in the next two weeks that will block ads connected with cryptocurrency pockets, markets and first coin offerings, together with limited exceptions.
Disclaimer: This article shouldn’t be chosen as, and isn’t meant to provide, investment information. Please conduct your own thorough research before investing in any cryptocurrency.
Meanwhile, Google and Facebook have recently implemented policy adjustments to remove cryptocurrency-related ad content.
Released at Mon, 19 Mar 2018 10:00:29 +0000
In an email reply to CoinDesk, a Twitter representative said the firm wouldn’t comment for now, but also did not deny this report.
The moves comes in a time when Twitter has come a favorite forum for, not only blockchain industry enthusiasts and firms, but also celebrities promoting crypto token offerings that were relied upon by authorities, in addition to scammers impersonating real accounts so as to hoax investors.
In addition, it follows a recent comment earlierthis month from Jack Dorsey, CEO and founder of Twitter, indicating that the firm would double down on its efforts to tackle the scourge of all crypto scammers on the platform.
Twitter picture via Shutterstock
Twitter Will Ban Cryptocurrency Ads in Two Weeks - April 2024
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