Sky News has reported today, March 18, that Twitter is considering implementing a ban on cryptocurrency-related advertising in two weeks according to an as-of-yet unconfirmed report.
Twitter had not responded to a request for confirmation of the alleged crypto ad ban by press time.
Twitter’s reported crypto ad ban would come in the wake of both Facebook ban of crypto advertising in January, and Google’s recent update to its Financial Services policy that will ban crypto ads starting in June 2018.
https://cointelegraph.com/news/unconfirmed-report-twitter-to-ban-crypto-related-ads-in-response-to-regulation-concernsWhat will happen if it happens? Twitter campaigns?
It would be strange that Twitter decide not to do anything when Facebook&Google completely banned cryptocurrency ads,in fact Google has just announced that it will do that in few months.Quantity of scams related to crypto has obviously become too big and brings quite negative publicity to these companies.It would be much more reasonable that they have decided to strictly supervise content of advertising and separate the good from the bad.But it would certainly be costly and challenging for them,prohibit all is obviously much easier choice.
This is bad,but also good decision for some people-cryptocurrency is become great opportunity for countless scams.While people will be better protected on the one hand,on the other hand this will be a big drawback regarding the promotion of legitimate projects.