Crypto-Related Ads In Twitter to be banned as per Regulation Concerns
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With a pending request, Twitter had not responded for confirmation of the alleged Crypto ad ban by press time.
Twitter has experienced a flood of fake accounts by users pretending to be famous crypto sphere personas like Litecoin’s Charlie Lee and advertise Cryptocurrency giveaways.
It’s reported crypto ad ban would come as an aftermath of both Google’s recent update to its Financial Services and Facebook ban of crypto advertising in January, and policy that will ban crypto ads beginning in June 2018.
Sky News writes that they “[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.”