Twitter Inc (TWTR.N) has announced it will start banning cryptocurrency advertising from March 27th, joining Facebook and Google in a clampdown that seeks to avoid giving publicity to potential fraud or large investor losses.
The prohibition will cover advertising of initial coin offerings (ICOs) – crowdfunding used to raise cash by creating new coins – as well as token sales.
The new policy, which will be rolled out over the next 30 days, will also ban ads by cryptocurrency exchanges and cryptocurrency wallet services, unless they are public companies listed on certain major stock markets.
The firm had said this month it was taking measures to prevent crypto-related accounts from “engaging with others in a deceptive manner”, but faced calls to go further after bans from Facebook Inc (FB.O) and Alphabet Inc’s (GOOGL.O) Google.
From Reuters .
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