Twitter to Ban Cryptocurrency related ads due to the Regulatory concern


March 19, 2018 1:04 pm

Twitter to Ban Cryptocurrency related ads due to the Regulatory concern | Coindelite News
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An unconfirmed report says that Twitter would Ban Cryptocurrency related ads

According to the report, Twitter is considering to implement a ban on Cryptocurrency-related advertising in two weeks.

Twitter has not responded to any request for the confirmation regarding the crypto ad ban.

Twitter announced crypto ad ban would come to light after the Facebook ban on crypto advertising and Google’s current update to its Financial Services policy that it is going to ban crypto ads beginning from June 2018.

The reports say:

“[understand] that the new advertising policy will be implemented in two weeks and currently stands to prohibit advertisements for Initial Coin Offerings (ICOs), token sales, and cryptocurrency wallets globally.”

Twitter has encountered an introduction of fake accounts pretending to advertise cryptocurrency giveaways, often by users posing as famous crypto sphere personas like Litecoin’s Charlie Lee.

Recently, Facebook has announced that it is going to ban all cryptocurrency related ads.

Rob Leathern, one of Facebook’s ad tech directors, said:

“This policy is intentionally broad while we work to better detect deceptive and misleading advertising practices. We will revisit this policy and how we enforce it as our signals improve.”

Google Adwords also announced that it is going to ban everything related to Cryptocurrency.

According to Google’s director of sustainable ads, Scott Spencer, the purpose of this ban is to protect the search giant’s users from “deceptive content” served by frauds that use cryptocurrency as well as other types of offers to woo people online.

Spencer writes:

“As consumer trends evolve, as our methods to protect the open web get better, so do online scams. Improving the ads experience across the web, whether that’s removing harmful ads or intrusive ads, will continue to be a top priority for us.”