Facebook's ICO and
cryptocurrency ad ban come on the heels of a warning issued by SEC and CFTC chiefs Jay Clayton and Christopher Giancarlo, respectively, to the cryptocurrency industry.
Crypto leaders looking to sue Facebook, Google and Twitter for
CryptoCurrency AD ban!
Do you agree with Twitter's decision to join
the cryptocurrency ads ban bandwagon?
Not exact matches
Just last week, Facebook announced that it is
banning ads promoting
cryptocurrencies in an effort to prevent users from advertising «financial products and services frequently associated with misleading or deceptive promotional practices.»
Joining Google parent company Alphabet and Facebook, Twitter revealed Monday its plans to
ban some
cryptocurrency - related
ads in a bid to decrease fraud and deception on the site.
Increased regulatory scrutiny, Google
banning cryptocurrency - related
ads, and continued bitcoin selling by the trustee of Mt.Gox, was behind the fall in
cryptocurrency prices.
Facebook also caused jitters by
banning ads promoting
cryptocurrencies and initial coin offerings (ICOs) on the world's largest social network.
With news of Google
banning cryptocurrency - related
ads and the International Monetary Fund advising increased regulation on the asset, the price of Bitcoin, Ethereum, and Ripple continued their slide Thursday, wiping out about $ 499.2 billion of the market value of over 1,500
cryptocurrencies since their collective all - time high in early January.
Facebook, the second largest online
ad provider, took similar action in January by
banning ads on «binary options, initial coin offerings and
cryptocurrency.»
Bitcoin prices briefly fell below $ 8,000 on Wednesday following news that Google, the world's largest online
ad provider, plans to
ban cryptocurrency advertising.
Facebook (fb), Google's primary rival for
ad dollars,
banned ads for
cryptocurrencies in January.
The social network said Tuesday that it would
ban all
ads for Bitcoin and other
cryptocurrencies, in order to stop promotions that it sees as «frequently associated with misleading or deceptive promotional practices.»
In January Facebook revised its
ads policy to specifically
ban cryptocurrency, binary options and initial coin offerings.
Facebook recently
banned ads linked to certain financial practices and services, such as initial coin offerings and
cryptocurrencies
The only time I've ever seen a Bitcoin
ad on Facebook was just now, after Facebook
banned cryptocurrency ads.
Twitter to Prohibit Range of
Cryptocurrency Ads Sky News reports that Twitter has plans to eventually
ban advertisements for
cryptocurrencies, token sales, and initial coin offerings (ICOs), in a move that would follow similar policies implemented by both Facebook and Google this year.
Twitter forbade
Cryptocurrency associated
Ads while MailChimp also
banned Crypto and ICO related promotions on their platform.
While decisive action has not yet been taken, Sky News reported on March 19th that Twitter plans on joining its peers Facebook and Google by issuing a
ban on
cryptocurrency ads.
Facebook is
banning all
ads for bitcoin,
cryptocurrencies, and ICOs.
Of course, another major reason behind the
banning of
cryptocurrency ads is that of liability.
Do you think Twitter is doing the right thing, or are in the wrong, by
banning cryptocurrency ads?
Reports say that Twitter will follow in the footsteps of Facebook and Google by
banning a wide range of
cryptocurrency ads.
From June,
ads promoting
cryptocurrency and ICOs will be
banned.
The consensus is that such
banning of
cryptocurrencies and ICO
ads will cripple the many fraudulent operations that are clogging up the crypto space.
Facebook was the first to lower the boom as the social media platform
banned cryptocurrency ads.
Facebook's new advertising policy
bans any
ads that are related to
cryptocurrency, binary options, or ICOs.
Analysts attribute the fall to tightening regulatory concerns around the globe and the
ban on
cryptocurrency - related
ads by the various social media platforms.
Twitter's chief executive Jack Dorsey is extremely bullish on
cryptocurrency, which makes his company's decision to
ban crypto
ads even more curious.
Twitter is the latest entry on a growing list of internet sites that are
banning cryptocurrency ads.
Mailchimp just followed in the footsteps of other social media platforms and
banned cryptocurrency related
ads because of the excessive fraud which is associated with the industry.
Presumably Twitter will also
ban ads on
cryptocurrency exchanges and
cryptocurrency wallet services, unless they are public companies listed on certain major stock markets.
After China's new
bans on ICOs and
cryptocurrency exchanges, Chinese sites Baidu and Weibo have reportedly stopped allowing crypto - related
ads.
Facebook is
banning all
cryptocurrency - related
ads, including those involving bitcoin, claiming that such
ads are «frequently associated with misleading or deceptive promotional practices».
In addition, it was reported that Twitter would also be
banning ads for
cryptocurrency exchanges, though there would allegedly be exceptions to the rule.
Google's move mirrors one made by Facebook in January, which also
banned all
ads for
cryptocurrency on the social network.
In January, social media giant Facebook
banned all
ads promoting
cryptocurrencies, including Bitcoin and ICOs.
The week began with news that Twitter's
ban on
cryptocurrency ads was taking effect immediately, affecting an industry already taking a hit in interest worldwide.
Cryptocurrencies faced a setback in the past few weeks as Facebook, Google, and most recently, Twitter,
banned ads for virtual currency and ICO - related offerings on their platforms.
Despite the large declines in
cryptocurrency prices following the Google and Facebook announcements, it remains to be seen whether the
ad bans will have a lasting impact on the virtual money market.
The
ban applies to
ads that promote
cryptocurrencies and exchanges, as well as initial coin offerings, which allow companies to raise money by selling virtual currency.
A source indicates that Twitter will
ban ads for
cryptocurrency - related services and initial coin offerings.
Note: Right at the moment of this writing Google announced its plans to
ban the
ads of
cryptocurrencies and related content.
Increased regulation in key markets, such as South Korea, along with recent announcements from Facebook and Alphabet subsidiary Google that
cryptocurrency and initial coin offering
ads would be
banned, has created quite a stir.
Facebook also
bans ads promoting
cryptocurrency exchanges, a spokesperson told Fortune, making no distinction between those backed by private, or public firms.
Joining Google parent company Alphabet and Facebook, Twitter revealed Monday its plans to
ban some
cryptocurrency - related
ads in a bid to decrease fraud and deception on the site.
Both Facebook and Google, two of the world's largest players in online advertising, are working to
ban ads promoting
cryptocurrencies and initial coin offerings.
The move follows a similar announcement from Facebook — Google's largest internet advertising rival — which
banned cryptocurrency - related
ads from its platform in January after receiving criticism from users for featuring
ads promoting get - rich - quick schemes and potential scams.
Bitcoinist reported several weeks ago that Twitter was reportedly set to begin
banning cryptocurrency ads on a global scale.
Google is
banning ads related to bitcoin and other
cryptocurrencies beginning June 2018, as part of a broader crackdown on the marketing of high - risk financial products.
Twitter has publicly announced that they will start instituting a
ban on
cryptocurrency ads, including ICOs, following in the footsteps of Google and Facebook.