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Twitter Sets To Ban Cryptocurrency Adverts On Its Platform

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Twitter Sets To Ban Cryptocurrency Adverts On Its Platform

Twitter Inc has announced that it would ban the advertisement of cryptocurrencies on its platform, joining Facebook and Google in a clampdown on the nascent industry, the company said in a statement.

The San Francisco-based firm will this week launch a policy that prohibits advertising of initial coin offerings (ICOs), a form of crowd-funding used to raise cash by creating new coins.

Also included are adverts that promote token sales and crypto wallet services, the company said in a statement.

The policy will also ban adverts from crypto-exchanges, with some limited exceptions.

Twitter said this month it was taking measures to prevent crypto-related accounts from “engaging with others in a deceptive manner’’, but it has faced calls to go further after bans by Facebook and Google.

Facebook restricted crypto-related adverts in February, while Google announced a ban on March 14 that comes into force in June.

Bukunmi Oyelude

I'm what they call "The Quadruple" - I'm a minimalist, a conspiracy theorist, a budding writer, and an info nerd. I operate under the auspices of me. Nerd not noob.

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