Listen to "Reality Check with Ben Swann" on Spreaker.

Twitter Reportedly Banning Cryptocurrency Ads In Coming Weeks

Must Read

U.S. State Department Admits Signs Point To C0VlD Created in Wuhan Lab

U.S. State Department Admits Signs Point To C0VlD Created in Wuhan Lab - powered by ise.media A since-deleted statement by...

Exclusive: Medical Board Attempts To Strip Doctor Of License Over Informed Vaccine Consent

Exclusive: Medical Board Attempts To Strip Doctor Of License Over Informed Vaccine Consent - powered by ise.media The Minnesota Medical...

Are We Watching the DEATH OF FREE SPEECH?

Are We Watching the DEATH OF FREE SPEECH? - powered by ise.media Is the goal of the establishment in...
Brenden Weberhttp://alteredoutlook.fireside.fm/
Brenden Weber is a recent college graduate from the University of Iowa with a degree in Political Science and Philosophy. He is a writer in journalism and opinion pieces; podcaster in politics, philosophy, and cryptocurrency; and owns a small business in Salt Lake City Utah. https://steemit.com/@brendenweber https://thephilosophyguy.fireside.fm/

Twitter is reportedly planning to be the next major media platform to ban certain cryptocurrency products and project advertising. The policy, according to Sky News, will be implemented in two weeks and would ban advertisements for initial coin offerings (ICOs), token sales, and cryptocurrency wallets across the globe.

The move by Twitter comes after numerous reports of a looming global regulatory crackdown on the cryptocurrency industry.

Twitter is following similar policies as other major tech companies like Google and Facebook. In late January, Facebook banned all ads for ICOs and cryptocurrencies including Bitcoin in an effort to combat against deceptive advertising in the market. Google followed Facebook’s move last week, announcing they will be cracking down on cryptocurrency related advertising come June.

- Newsletter -

The spirit of the planned bans by Facebook, Google, and now Twitter all appear to focus on concerns regarding ICO scams and the speculative nature of their advertising. This reported coming ban from Twitter would make three major online advertising companies banning cryptocurrency advertising, with Google and Facebook being top online marketing platforms.

Sky News also reported that Twitter is considering the possibility of banning advertisements for cryptocurrency exchanges, with some limited exceptions.

Earlier this month, cryptocurrency watcher Emin Gün Sirer took to Twitter with concerns about the prevalence of cryptocurrency scams on their platform. Fortune reported Twitter CEO Jack Dorsey responded by saying the platform is “on it.”

However, Sirer’s tweet was directed more toward the bot accounts filling the comment sections of major cryptocurrency industry leaders, rather than the paid advertising that has been banned on Facebook and Google.

The move by these major advertising platforms isn’t surprising. US financial regulators such as the CFTC and SEC have indicated their intentions of cracking down on these cryptocurrency offerings, partially because they see them as investment offerings. In addition, the 2017 surge of interest in blockchain technology and the creation of cryptocurrencies has shown that some of these new crypto offerings are scams.

Fortune reported that “Nearly half of 2017’s ICOs – sales in many ways similar to initial stock sales in startups – collapsed within months, with many supposed founders simply disappearing with the money they raised.”

These new social media advertising restrictions might be able to slow scammers down because of the impact these platforms have in promoting these projects. However, the full effects of these restrictions on the cryptocurrency market remain to be seen.

- Advertisement -

Featrued Sponsors

video

Texas Files Lawsuit Asks SCOTUS To Block 4 States From Participating in Electoral College

Texas Files Lawsuit Asks SCOTUS To Block 4 States From Participating in Electoral College - powered by ise.media Check out our sponsor Kim Daly and...

Unstoppable Domains

Uncensorable blockchain domains. Every domain purchase supports Ben Swann and Truth in Media

Holland Center

Holland Center is a day treatment program and medical clinic for children with autism.
- Advertisement -

Latest News

video

U.S. State Department Admits Signs Point To C0VlD Created in Wuhan Lab

U.S. State Department Admits Signs Point To C0VlD Created in Wuhan Lab - powered by ise.media A since-deleted statement by...
video

Exclusive: Medical Board Attempts To Strip Doctor Of License Over Informed Vaccine Consent

Exclusive: Medical Board Attempts To Strip Doctor Of License Over Informed Vaccine Consent - powered by ise.media The Minnesota Medical Board has targeted Dr. Bob...
video

Are We Watching the DEATH OF FREE SPEECH?

Are We Watching the DEATH OF FREE SPEECH? - powered by ise.media Is the goal of the establishment in politics, media and big tech...
video

Dems Want A War on Domestic Terror

Dems Want A War on Domestic Terror - powered by ise.media Now that the Neo-Liberal order has taken control of all branches of the Federal...
video

Answer to Trump Social Ban and Parler Removal De-centralization?

Answer to Trump Social Ban and Parler Removal Decentralization? - powered by ise.media Is the answer to the permanent ban from social media to President...
- Advertisement -

More Articles Like This