Twitter reportedly planning to ban cryptocurrency adsBy Robin-Leigh Chetty 19 March 2018 | Categories: news
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It looks like you'll be seeing far fewer ads for cryptocurrencies on social media in coming months. Following in the steps of Facebook and Google, Twitter is reportedly the next company aiming to ban cryptocurrency and initial coin offerings (ICOs) ads on their platform, according to Sky News.
If put in place, the ban would prohibit the placement and distribution of advertisements on Twitter, including content related to ICOs, token/coin sales and cryptocurrency wallets. There could also be a similar ban on exchanges of cryptocurrencies via the platform, but Sky News does note that there may be an exception to this for specific cases.
While this latest move sheds a slightly negative light on cryptocurrencies, it is worthwhile to mention that Twitter and other companies are looking at stopping purposefully deceptive or misleading products from its platform, and isn't renouncing coins altogether.
As such, we also advise those who are interested in getting involved with cryptocurrencies to exercise caution, and only be willing to invest as much as they are ready to lose, especially with valuations for cryptocurrencies fluctuating wildly.
John Oliver's recent Last Week Tonight video on the subject is also worthwhile watching for a better understanding.
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