Twitter to Ban Cryptocurrency Ads

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Twitter may be on its way to ban cryptocurrency advertisements.

Ban Report

According to a report from Sky News, the social networking site may roll a policy in 2 weeks to block ads related to cryptocurrency. The blanket ban will affect crypto wallets, initial coin offerings, etc. Sky News noted that there will be exceptions to this rule.

Crypto Scammers on Twitter

Bitpinas have noticed an increased level of activity from scammers posing as crypto personalities on Twitter. These scammers often reply to a legitimate user, enticing the legitimate user’s followers to send X amount of coins to receive a greater amount of X coins.

So far, it is unknown if Twitter will also deal with scammers at the same time as the cryptocurrency advertisement ban.

Meanwhile, Coindesk reported that a Twitter representative neither confirmed nor denied the Sky News report to them.

Facebook and Google

Leading social networking site Facebook began banning cryptocurrency ads early in 2018. It was a blanket ban that affected even legitimate companies. In February 2018, Google announced it is banning crypto-related ads on its AdWords platform.

Source: Coindesk

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Michael Mislos

A business ad graduate from the Pamantasan ng Lungsod ng Maynila, Mike is the website manager of Bitpinas.com. He is responsible for almost every content you see on the site, from topic/news selection to editing of articles. Mike believes correct information about blockchain and cryptocurrency can empower people to make accurate decisions about the industry, which, in turn, should deter bad actors from taking advantage of crypto & blockchain. [Telegram @mikemislos]