After Facebook and Google, now Twitter has confirmed that they will not let advertisers to advertise cryptocurrency related ads on the social platform.
It all began with some rumors few weeks ago that Twitter would soon put a ban to crypto related ads and not only that, the social platform will also delete accounts of those who impersonate famous faces and are involved in dark crypto related practices.
In a way to keep its users safe, Twitter has already started removing such accounts and has also put a ban on crypto ads.
“We are committed to ensuring the safety of the Twitter community. As such, we have added a new policy for Twitter Ads relating to cryptocurrency,” – a statement from the company. They further added, “Under this new policy, the advertisement of Initial Coin Offerings (ICOs) and token sales will be prohibited globally.”
“The policy will be fully enforceable among all advertisers within a month,” Twitter tells.
Twitter already has some shady crypto communities expanding like “Crypto Twitter”, which crypto evangelists can use it to lure people towards their newly launched ICOs or for fraud and deception. This page has also become an important source for the crypto enthusiasts of news and other whisperings, which are sometimes real and are to fool new people for the rest of the time.
Twitter has tried to craft new policies to discourage any opportunities of fraud and deception, as the figures of new users joining such shady communities has been rising rapidly and the updates will start rolling soon globally to keep the platform safe for the users.
This indeed sounds as a good step but it will be interesting to see how efficient their efforts are going to prove to ensure the safety of their users. Keep coming for more Tech news.