• Plus500

Twitter is likely Banning Crypto Advertisement like other Big Social Media

By Audry Foreman
In Cryptocoins
Mar 19th, 2018

It appears that Twitter, one of the biggest social media platforms on the planet, will continue on the path of Google and Facebook by banning crypto advertisement. This ban will include practically everything related to the crypto domain, which means ICOs, exchange and cryptocurrency wallets. The news was launched by Sky News and their report which points to the possibility of Twitter implementing this change in its terms and services in the next two weeks.

The report also states that Twitter is planning to add “limited exceptions” to this rule, but there is no clear picture about what those exceptions might be. A range of media outlets contacted Twitter about this rumor and got no comment, but also did not get any denial of the same report. This means that something is in the works at Twitter for sure and it a couple of weeks, everyone else will get to see what the actual changes are.

In recent years, Twitter grew in popularity with firstly blockchain developers and then all manner of cryptocurrency investors and enthusiasts. Lately, the same field began to be filled up with the celebrity crypto promoters, tech gurus working in the domain and of course, and countless scammers who were impersonating them to be able to hoax gullible investors. Earlier in March, the CEO and founder of Twitter Jack Dorsey stated that the company will take the scammers in the crypto field head-on.

At the same time, Facebook and Google are continuing with their implementation of changes in the advertisement policy that will result in the removal of any of crypto content. Facebook was first on the bandwagon with their statement in January 2018 that it would stop any ads that promote services and products that are regularly connected with cryptocurrencies. Google announced something very similar just last week and will include crypto into its restricted list. The same will take effect in June 2018 and will also result in a blanket ban for crypto exchanges, wallet providers, and ICOs.

Comments are closed.