After Google and Facebook, Twitter Could Ban Cryptocurrency Ads

Cryptocurrency scams will have to discover new homes soon as major crackdown on ICO and crypto ads from Google and Facebook is existence backed by Twitter now.

Twitter will ban all cryptocurrency-related ads on its platform according to a report from Sky News. Sky says the ban volition start in ii weeks and will stop ads for all cryptocurrency-related products, such as ICOs, token sales and crypto wallets. Twitter could besides ban ads from cryptocurrency exchanges, albeit, with "some limited exceptions".

Twitter has neither confirmed nor denied the report, just such a move will hardly be a surprising one. Facebook and Google banned advert about cryptocurrency-related content from their platforms over the past several weeks, while Reddit said that such a ban has been in effect on the platform since 2016. While Facebook's ban came into upshot back in January, Google announced its decision but last week.

After Google and Facebook, Twitter Could Ban Cryptocurrency Ads

Information technology's worth noting hither that this isn't the first time that Twitter is bang-up the whip on cryptocurrency scams on its platform. Earlier this calendar month, the visitor started taking steps to reduce spam past suspending accounts suspected of boosting particular tweets or hashtags. Just information technology'southward as well dealing with the problem of crypto scammers who take been hounding Elon Musk's tweets, too as hackers using verified accounts to run scams.

The new rules could make it more hard for legitimate crypto-related startups to reach potential customers, and increase their acquisition costs. But this primarily protects users – particularly new users – on its platform, which is Twitter's priority in this case.