MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Now twitter to ban cryptocurrency ads, following Google’s action

Now twitter to ban cryptocurrency ads, following Google’s action

A week after Google announced its ban on ads related crypto-currencies ,twitter has also come to the decision of banning ads related to crypto-currencies and initial coin offerings (ICOs).

The ban on cryptocurrency related ads is spreading like wildfire throughout the social media platform starting from Facebook, to Google and now Twitter. The aim of these bans is to get rid of the belief from the user’s mind that these platforms host deceptive ads that ultimately lead to scamming the user.              

We updated several policies to address ads in unregulated or speculative financial products like binary options, cryptocurrency, foreign exchange markets and contracts for difference (or CFDs)”, Scott Spencer, Google’s Director of Sustainable Ads, said in a blog post.

Google removed around 3.2 billion ads that violated its advertising policies, along with blocking around 79 million ads that were malware related in the year 2017. This January, Facebook banned every ad that promoted cryptocurrencies, including bitcoin and ICOs. “The new policy prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices”, Facebook said in a statement.

Whether or not this ban on the ads of cryptocurrencies will affect the actual value of the cryptocurrencies is still a critical question that remains unanswered for now. Individuals who have already invested in these currencies are now kept in a dilemma.   

YOU MAY ALSO LIKE

Marketing Partnership: NBA, McDonald’s Will Jointly open NBA Experience Zones India

There is good news for all basketball fans in India. Very soon, NBA themed promotions and experience zones will be launched in India. The announcement...

Dunzo to Raise Funds from Google, others

Dunzo, the app which is trying to make life easier for the people upto some extent plans to raise about Rs. 183 crore from different investors which a...

Sapta Shakti Command Will Be Displaying Defence Technology Equipment at Jaipur Military Station

This event is organised with an aim to provide an opportunity where one and all can experience the developments in the field of defence and security-r...

Samsung is All Set to Roll out Its Galaxy A9 Smartphone On November 20

After Samsung unveiled its new Galaxy A9 smartphone in Singapore last month, the company is all set to launch it in India on November 20. In Singapore...

RECOMMENDED