Not exact matches
Facebook also caused jitters
by banning
ads promoting
cryptocurrencies and initial coin offerings (ICOs)
on the world's largest social network.
Facebook, the second largest online
ad provider, took similar action in January
by banning
ads on «binary options, initial coin offerings and
cryptocurrency.»
After declining sharply amid an onslaught of negative news (including an announcement
by Google that it would no longer accept
cryptocurrency - related
ads, which strikes us as an utterly absurd decision), bitcoin made a short term low in March 18 at $ 7,325; from there it rose to a short term peak at $ 9,188
on March 21.
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.
Analysts attribute the fall to tightening regulatory concerns around the globe and the ban
on cryptocurrency - related
ads by the various social media platforms.
Google's move mirrors one made
by Facebook in January, which also banned all
ads for
cryptocurrency on the social network.
After, Google, Twitter, and Facebook individually decided to put a ban
on the ICO and crypto based
ads, now the baton has been taken over
by the e-mail distribution company MailChimp told that it would be banning marketing campaigns for
cryptocurrencies and initial coin offerings from next month.
Researchers recently found
ads served to visitors
on YouTube contained hidden code plugged in
by hackers that could take over a person's processor to mine for
cryptocurrency.
Cryptocurrency exchanges and wallet services
ads will be limited to those that are provided
by a public company listed
on major stock markets, and in Japan, these will be limited to crypto exchanges regulated
by the nation's Financial Services Agency, the Twitter spokesperson said.
Twitter will only allow
cryptocurrency ads for exchanges and wallets provided
by public companies listed
on major stock exchanges — like Square.
Facebook, Google and Snapchat all of which back as massive user base and huge influence across the world, have cracked down
on cryptocurrencies,
by banning
ads, specifically focused around the ICO market.
Moreover, the network will now only allow
ads by cryptocurrency exchanges and wallet services that are publicly - listed companies
on major stock markets.»
Moreover, the network will now only allow
ads by cryptocurrency exchanges and wallet services that are publicly - listed companies
on major stock markets, Twitter said.
If true, the move closely tracks similar decisions
by Google, which banned
cryptocurrency - related
ads from appearing in its
ad networks this week, and Facebook, which did the same in January as part of a crackdown
on «financial products and services that are frequently associated with misleading or deceptive promotional practices.»
Google is banning
cryptocurrency ads on its search engine
by June this year.
The users started posting complaints
on social media this week telling that their antivirus programs detected
cryptocurrency mining code in the
ads that have been displayed to them
by Youtube.
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.
BasicAttentionToken (BAT), a
cryptocurrency startup called that aimed to weed out the middlemen, frauds, and trackers in Digital Advertising
by creating a decentralized, transparent digital
ad exchange based
on Ethereum Blockchain held its ICO a couple of months ago.
In a strange turn of events, Google promises that it is «protecting the open web»
by censoring all
cryptocurrency ads on its platform.
The Chinese regulations
on cryptocurrency are seen as «
ad hoc»
by a number of Chinese news portals.