Bitcoin Forum

Twitter Confirms Restrictions on ICOs and Cryptocurrency Token Sale Ads

Twitter has confirmed the reports from earlier this month that it will ban ads for Initial Coin Offerings (ICOs) all around the world. From now on any project that is conducting a token sale will only be allowed to run ads on the social network if it can prove it is legally regulated in the targeted country. Wallets and exchanges will also have a high bar to cross.

Twitter Restrictions

Twitter Confirms Restrictions on ICOs and Cryptocurrency Token Sales AdsSocial networking service Twitter (NYSE:TWTR) has updated its Restricted Content Policies regarding the promotion of financial services and related content to include restrictions on “Cryptocurrency ICOs” and “Cryptocurrency token sales.” The change legally comes into effect today, Tuesday March 27, and will be rolled out over the next thirty days.

According to the policy, any advertisement for financial products and services must be compatible with all applicable laws in each country, provide necessary disclosures, balanced information of risks and benefits, and all information that must be provided to the investor. 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. In Japan, virtual currency exchange trading advertisers must be authorized by the Financial Services Agency.

SOURCE: https://news.bitcoin.com/twitter-confirms-restrictions-on-icos-and-cryptocurrency-token-sale-ads/