[2018-03-18] Report: Twitter Prepares Ban on Crypto Ads

[PX-Z]

Report: Twitter Prepares Ban on Crypto Ads

Twitter is reportedly preparing to prohibit advertisements for ICOs, token sales, and cryptocurrency wallets. The new advertising policy is expected to come into effect in a couple weeks. The microblogging site is said to impose a ban on ads for crypto exchanges, as well, bar a few exceptions. The policy change is yet to be confirmed officially.

Some Trading Platforms May be Excluded from the Ban

Following similar moves by Facebook and Google, Twitter is now preparing to ban crypto-related advertisements on its platform. The new advertising policy will be implemented in two weeks, Sky News reported without revealing the source of its information.

Report: Twitter Prepares Ban on Crypto AdsThe upcoming rules will likely prohibit advertisements for initial coin offerings (ICOs), token sales, and cryptocurrency wallets globally, according to the report. The reasoning behind Twitter’s decision is unclear. Other companies imposing restrictions on crypto content have cited concerns over illicit activities and fraudulent ads.

The ban may also include advertisements for cryptocurrency exchanges. The report suggests, however, that the new policy will be launched with some “limited exceptions” in regards to trading platforms. There has been no official confirmation of the policy change yet.

READ MORE here: https://news.bitcoin.com/report-twitter-prepares-ban-on-crypto-ads/

[laurenB7742]

No surprise here. They are just being overly cautious and they are following others like Facebook. I think this measures are just temporary and they will soon change their policy and allow crypto ads again, but with manual approval case by case.

[Ojengonggu]

this will add to the line of advertising ban on social media as we know the first ban on lakkukan by facebook and in the end by geogle and now twitter, for the same reason and maybe it will spread to reddid, slack and medium

[entrepmind23]

I expected youtube to follow suit in this as well. With the ban of facebook and google, this is not a surprising move for twitter. Although it will be hard for the ICOs to reach as many people as they can because of these bans, this is also good for the majority of people who are easily swayed by the advertisements that you can have too good to be true returns in a short amount of time. There are exceptions to it as well so I think as long as the ICOs would be able to fulfill those requirements then they are good to go. Otherwise, their only way to promote their campaigns is through bounty campaigns.

[motoprose]

No surprise here. They are just being overly cautious and they are following others like Facebook. I think this measures are just temporary and they will soon change their policy and allow crypto ads again, but with manual approval case by case.

Not only this large social media company but others in the technology sector including google just a few days ago going public they were pulling all ads relating to cryptocurrency and not just ICO sales of these alt coins.
So I think that makes all three of the big three:
Google, Facebook and Twitter.

Anymore to come? Maybe Apple for their app store or maybe Amazon.

[yugyug]

As long as there are large community support of the cryptocurrency, banning will not stop the people from getting into it. Many companies are threatened by cryptocurrencies particularly to bitcoin. Financial and banking institution are the biggest enemy of cryptocurrencies and large social media platform is their police.

[99btcwah]

I think some other platform would take the slack for the advertising bans imposed by the likes of FB and twitter and that platform would be greatly rewarded for it. I have no idea which platforms are in good position to benefit from these bans but I'm positive that somebody will come out on top in all of this. The business from crypto is just too good to pass up on if you are in the position to provide service to those willing to pay.

[Qartersa]

Well, this is just a ban on crypto ads. This is not a ban to Bitcoin usage per se. Hence, if you are a private individual with investment in Bitcoin, there is no prohibition on your part UNLESS you do some forms of ICO advertising. You just go as it is, and it will not affect you. This rampant banning on ICO ads may be attributed to a whole lot of factors but one thing is for sure -- they do this because they wanted to protect its business interest considering that a huge number of their clients are being deceived to part with their monies by using the social media their means to proliferate their illicit plans. Business will go as usual, save for some peculiar forms of ads that are now being restricted.

[Gotottack]

The worst thing that can happen in this situation is people, mostly in this generation, will not be apprised of any developments concerning Bitcoin and other ICOs. This may affect prices as well because definitely there will be a lot of investors who will pull out all monies they have put in, resulting to lesser Bitcoin demand while the supply remains relatively the same. And you know the effect of the latter, isn't it? It will significantly cause Bitcoin's price to slump. Anyway let us just face this head on and come to terms with the inevitable. One way or another it will recover. I think ICOs have gone through the worst to date, and it pretty well managed to rise above it all.

[orions.belt19]

I expected youtube to follow suit in this as well. With the ban of facebook and google, this is not a surprising move for twitter. Although it will be hard for the ICOs to reach as many people as they can because of these bans, this is also good for the majority of people who are easily swayed by the advertisements that you can have too good to be true returns in a short amount of time. There are exceptions to it as well so I think as long as the ICOs would be able to fulfill those requirements then they are good to go. Otherwise, their only way to promote their campaigns is through bounty campaigns.

It's quite likely. These social media platforms having following suit of the crypto ad ban and it won't be a surprise if Youtube follows soon after. I've noticed some ads of ICOs in the past while I have been using Youtube. I'm not so sure whether ICOs are able to increase their promotion through the youtube ads because it can't be said that the youtube viewers are crypto users or have knowledge on ICOs or crypto. They should probably concentrate on a more suitable audience and as of now, bounty campaigns should be their best bet.

[Snaic]

this will add to the line of advertising ban on social media as we know the first ban on lakkukan by facebook and in the end by geogle and now twitter, for the same reason and maybe it will spread to reddid, slack and medium

It seems that the ban on advertising campaigns ICO in social networks has a single scenario. Too cohesive one after another there are such prohibitions. Apparently, soon this forum will become the main place for advertising and holding the ICO. Therefore, its value, as well as the services of signatory campaign participants, can only increase. This is one of the positive aspects in making such decisions on the ban. Also positive is the fact that fraudulent advertising will disappear from social networks, which in general will positively affect the image of the crypto currency.

[richardsNY]

The worst thing that can happen in this situation is people, mostly in this generation, will not be apprised of any developments concerning Bitcoin and other ICOs. This may affect prices as well because definitely there will be a lot of investors who will pull out all monies they have put in, resulting to lesser Bitcoin demand while the supply remains relatively the same. And you know the effect of the latter, isn't it? It will significantly cause Bitcoin's price to slump. Anyway let us just face this head on and come to terms with the inevitable. One way or another it will recover. I think ICOs have gone through the worst to date, and it pretty well managed to rise above it all.

Bitcoin won't suffer. In current times it's clear that a lot people are already aware of Bitcoin's presence, and that won't change. I think it might even result in more money to flow into Bitcoin, than vice versa. All money people invest in worthless services and scams could have been invested in Bitcoin, which is something not many people realize yet. It's pretty simple actually -- cloud mining and all related roots of scams heavily depend on marketing, and if you take as much marketing possibilities away from them, they in the longer term won't be able to grow any further, and that's the most important development. The main source of genesis mining's long term success, you know where it comes from? Marketing.

[CryptoVerseStudent]

This isn't bad at all. This will protect those people who are carelessly investing in ICO's that sounds so good and has a catchy advertisement. This will allow people who are really into crypto to learn those things they need to learn first before getting into actually investing and pulling the trigger of their savings. And most importantly, this I think is just a temporary thing just like others think of it, they will just think of a way on how to filter scam ICO's from the legit ones.

[squatter]

Bitcoin won't suffer. In current times it's clear that a lot people are already aware of Bitcoin's presence, and that won't change. I think it might even result in more money to flow into Bitcoin, than vice versa. All money people invest in worthless services and scams could have been invested in Bitcoin, which is something not many people realize yet.

Shady investments always existed in the Bitcoin space, from bogus funds and Ponzi schemes to cloud mining exit scams -- long before ICOs even existed. Bitcoiners have always looked for ways to invest their coins and make a return. And like ICOs, these scams have always had a symbiotic relationship with Bitcoin's price: People buy BTC to invest in other ventures and altcoins.

That drives the BTC price up. Altcoin and ICO investment definitely keeps BTC supply off the fiat markets, so bitcoiners should be careful what they wish for when it comes to secondary markets drying up. A lot of dumb money that flows into base currencies like BTC and ETH are just using them as a pass-through for other investments, but in the process they drive prices up.

[richardsNY]

That drives the BTC price up. Altcoin and ICO investment definitely keeps BTC supply off the fiat markets, so bitcoiners should be careful what they wish for when it comes to secondary markets drying up. A lot of dumb money that flows into base currencies like BTC and ETH are just using them as a pass-through for other investments, but in the process they drive prices up.

That's a fair point, but I strongly believe that given Ether's obvious ICO demand, and that ICO's are almost its main source of value, this currency by far will eventually suffer the most from these sanctions. Bitcoin might experience some negative effects as well, but the process will be so slow, that the overall increase in demand will likely nullify any of these negative effects. Bitcoin's utility is all-around, and it has always been like that, where altcoins more often than not only thrive on one or two aspects. On top of that, quite some of the schemes in current time also accept payment through card, wire, etc, which gives people the convenience of not having to buy Bitcoin first in order to invest.

[Vladdirescu87]

Twitter May Ban Cryptocurrency Ads, Following Facebook and Google’s Lead

Just as Facebook and Google recently put a ban on cryptocurrency advertisements, Twitter has been reported to do the same. The ban may take place in the coming two weeks and will forbid the advertising of ICOs, token sales, crypto wallets, as well as crypto exchanges.

According to reports, Jack Dorsey, the CEO of the social network company, gave some slight hints concerning the banning issue, while answering the provocative question about the high rate of scams involving digital currencies, especially Bitcoin.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/twitter-may-ban-cryptocurrency-ads/

[Marcsymon]

I think they will not totally ban it, they said that they just like want to screen out the ICO to verify the legit ones in order to protect their billions of user from the scam but still i believed they just like to make the ICO to pay the advertising services like now in Facebook because it will involve a huge amount if every ICO will now pay for the advertising services to think that there are hundreds of ICO are now want to join the Crypto currencies market.

[Taki]

No surprise here. They are just being overly cautious and they are following others like Facebook. I think this measures are just temporary and they will soon change their policy and allow crypto ads again, but with manual approval case by case.

Not only this large social media company but others in the technology sector including google just a few days ago going public they were pulling all ads relating to cryptocurrency and not just ICO sales of these alt coins.
So I think that makes all three of the big three:
Google, Facebook and Twitter.

Anymore to come? Maybe Apple for their app store or maybe Amazon.

Telegram maybe?
I am just wonder was it their own decision or they got some kind of command from the government??
Well, you know, maybe it is even for good, we are going to be free from some trashy ICO and other scammy projects, so the risk to fail on new crypto projects is going to be minimized.
Don't you think so?

[Wipro]

No surprise here. They are just being overly cautious and they are following others like Facebook. I think this measures are just temporary and they will soon change their policy and allow crypto ads again, but with manual approval case by case.

Not only this large social media company but others in the technology sector including google just a few days ago going public they were pulling all ads relating to cryptocurrency and not just ICO sales of these alt coins.
So I think that makes all three of the big three:
Google, Facebook and Twitter.

Anymore to come? Maybe Apple for their app store or maybe Amazon.

Telegram maybe?
I am just wonder was it their own decision or they got some kind of command from the government??
Well, you know, maybe it is even for good, we are going to be free from some trashy ICO and other scammy projects, so the risk to fail on new crypto projects is going to be minimized.
Don't you think so?

Telegram, slack and discord are widely used to promoting the various crypto related project on that but we see the people are worry on bans ad Google, facebook and Instagram.
Scammy ICO projects just promoting them on social media as you said steal the funds from the newbie investors bro.
If the announcements is been opened up on this forum. Here DT member and moderators can watch the fake the projects and burst them out.

[Oasisman]

I didnt bother to read the article since I already have a partial idea about why these mainstream social media platform is banning crypto-related ads. One of the main reason would be because of the rampant scamming that have spread with the help of advertisement, ads thats completely resembles the legit one. This will be change soon, they will implement a set of policy.