Following in the footsteps of Facebook and Google, Twitter is reportedly planning to ban cryptocurrency ads and initial coin offers (ICO), according to Sky News.
In January, Facebook banned coin ads like Bitcoin in an effort to fight deceptive marketers, while Google did the same last week. Sky News says (via Engadget) that the new advertising policies would prohibit ICO worldwide advertising, sale of tokens and cryptocurrency portfolios. The site may also prohibit advertisements for cryptocurrency exchanges, but with some possible exceptions. The ban could begin in just two weeks. We communicate with Twitter to receive comments and update this publication if we receive a response.
This is not the first set of steps Twitter has taken to stop deceptive cryptocurrency scams: it says it will start eliminating accounts that ask for small amounts of a cryptocurrency while posing as celebrities.