Twitter To Ban Cryptocurrency Ads - DAILY UPDATES

Twitter To Ban Cryptocurrency Ads

Twitter To Ban Cryptocurrency Ads

Twitter Inc has announced that from Tuesday it is banning all cryptocurrency related ads in a bid to avoid giving publicity and legitimacy to potential fraud schemes and large investor losses.
The ban will cover initial coin offerings (ICOs) and token sales. ICOs are an unregulated means by which funds are raised for a new cryptocurrency venture.
The ban, which is expected to take effect over a period of the next thirty days, will also cover cryptocurrency exchange and wallet services unless the company seeking to advertise is public and listed on major stock markets.
Twitter To Ban Cryptocurrency Ads
Twitter Inc

Facebook is also implementing major restrictions on cryptocurrency related ads while Google has announced that a ban on such ads on its platforms will come into effect in June.
These regulations and restrictions by such major companies have had a negative effect on the prices of cryptocurrencies with the price of Bitcoin lowering after the Twitter announcements.
Many experts have also warned consumers against investing in cryptocurrencies saying they are highly speculative and effectively too risky to put money on.

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