Twitter to Ban Many ICOs And Cryptocurrency Related Advertisement

Twitter to Ban Many ICOs And Cryptocurrency Related Advertisement

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March 19, 2018 by Bitzamp
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Twitter to Ban Many ICOs And Cryptocurrency Related Advertisement The social media platform Twitter may ban all ads for ICOs and almost all cryptocurrency exchanges, with some limited exceptions. Sky News wrote it had learned that bans on ads for “initial coin offerings (ICOs), token sales, and Cryptocurrency wallets” This would take effect in two
Bitzamp

Twitter to Ban Many ICOs And Cryptocurrency Related Advertisement
The social media platform Twitter may ban all ads for ICOs and almost all cryptocurrency exchanges, with some limited exceptions.
Sky News wrote it had learned that bans on ads for “initial coin offerings (ICOs), token sales, and Cryptocurrency wallets” This would take effect in two weeks from now, and are likely to have similar restrictions on advertising for exchanges with some exceptions.

In a tweet earlier this month, Twitter CEO Jack Dorsey wrote that the company was “on it” when Cryptocurrency watcher Emin Gün Sirer highlighted the prevalence of cryptocurrency “scams” on the site.

If true, the move follows similar decisions by Google, which banned Cryptocurrency-related ads appearing in its ads networks this week, Facebook, which did the same in January in the context of a crackdown on frequently associated financial products and services, associated with misleading or deceptive promotional practices.”

Authorities globally have been moving to implement restrictions on cryptocurrencies amid both surging prices and a wave of scams, flops and worrisome connections to criminal activity.
However, the impact of public restrictions is limited to the deceptive and dangerous exaggeration of crypto projects that come from individual ambassadors or early investors, or from “pump and dump” accounts that collectively manipulate the highly volatile market.

 

As we witness most big platforms banning cryptocurrency related ads, Do you think that this trend will have a negative impact to the industry?


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