Twitter to ban many cryptocurrency and ICOs ads in next two weeks, report

By Avatar on
March 19, 2018
  -   Like us now!  
 

Just over a week ago, Twitter started crackdown against crypto scammers, where the company started deleting fake accounts from its platform which were misleading many users to fall victim of a crypto scam. And now, the company might be looking forward to banning most of the cryptocurrency and ICOs (Initial Coin Offerings) advertisements on its platform, as reported by Sky News.

The news outlet reports that Twitter might also ban ads for cryptocurrency exchanges, but with some possible exceptions. In addition, the possible ban in sight would include ads for ICOs, token sales, and crypto wallets. It must be noted that the ban is expected to be imposed in next two weeks.

It must be noted that search giant Google and social networks like Facebook and Google have been one of the major sources for crypto and ICOs companies to reach maximum people to introduce their platforms and offers. Facebook revised its advertisement policies for financial services, which resulted in a ban on ads of most of the crypto exchanges, ICOs, and binary options (mainly of those found involved in misleading or deceptive promotional practices). Google followed by announcing a ban on all crypto and ICOs ads starting from June this year.

It must be noted that Twitter has not officially confirmed the news on crypto/ICO ads ban, however, the company has certainly experienced an influx of fake accounts pretending to advertise cryptocurrency giveaways, by impersonating themselves as Ethereum co-founder Vitalik Buterin, for instance.

Bitcoin and almost all other cryptocurrencies are already having a bad time after a warning by the US commission SEC that crypto exchanges must register themselves. Bitcoin is trading close to $8,300 (as of writing) recovering some value after it went below $7,500 on Sunday. The question is what would be the future of the crypto world if it will keep facing huge blows from the already established tech giants.

Image: CoinTelegraph

Like our stories? Follow our Instagram for pictorial updates.Follow @techjuicepk

 
Government to distribute 100,000 smartphones among farmers
 
 
 
Apple is secretly making its own MicroLED screens
 

BUY & SELL BITCOINSAD

NameDescriptionLink
LocalBitcoins.com is a peer-to-peer bitcoin exchange, a site where you can list your own bitcoins for sale or buy bitcoins directly from other users.Buy Bitcoins
Coinmama lets you buy bitcoins with your credit card or cash.Buy Bitcoins
With Binance, you can buy and sell Bitcoins and altcoins easily. Get into Cryptocurrency trading on this exchange.Buy Altcoins
Coinbase is the easiest place to buy, use, and accept bitcoin, ethereum, and litecoin.Buy Bitcoins