Twitter is set to join Facebook and Google in a clampdown on cryptocurrencies, banning most advertising of the nascent industry on its platform, the company revealed in a statement.
The San Francisco-based firm will this week launch a policy that prohibits advertising of initial coin offerings, a form of crowdfunding used to raise cash by creating new coins, as well as adverts that promote token sales and crypto wallet services.
The policy will also ban adverts from crypto-exchanges, with some limited exceptions.
Twitter said this month it was taking measures to prevent crypto-related accounts from “engaging with others in a deceptive manner’’, but it has faced calls to go further after bans by Facebook and Google.
Facebook restricted crypto-related adverts in February, while Google announced a ban on March 14 that comes into force in June. (NAN)
