Twitter Bans ICO Ads From Today Onwards
March 27, 2018 1:12 pm
Twitter Announced That Cryptocurrency Advertisements Would Be Banned From The Website Starting From Today
Know ads related to initial coin offerings (ICOs), token sales, exchanges and wallet services – excluding open organizations recorded for major stock markets – will be uprooted from the site, as stated by those announcements. A spokesperson said the move is pointed toward “ensuring that safety of the Twitter community,” as reported by CNBC.
The social media giant explained:
“We have added a new policy for Twitter Ads relating to a cryptocurrency. Under this new policy, the advertisement of Initial Coin Offerings (ICOs) and token sales will be prohibited globally.”
Gossipy that Twitter might boycott cryptocurrency ads initial surfaced sooner this month The Sky News reported that such content might be banned from the platform within the next two weeks, as formerly stated.
Furthermore, no more information regarding the cryptocurrency ads ban has been revealed yet.
Twitter CEO Jack Dorsey has formally recognized the proliferation of cryptocurrency scam accounts, pledging to break down to users or bot accounts looking for cryptocurrencies from others.
However, a portion of the site’s reaction endeavours has brought about an account issue for ordinary users, including @bitcoinmom and crypto exchange Kraken’s support channel.