Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleRed Hat
CEO ReviewCompany Review

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.   


Pine Labs Reaffirms its Commitment to Indian Payments Space with Qfix Acquisition

HDFC Bank is Qfix's main distribution partner Pine Labs has announced that it has acquired Qfix, a Mumbai-based online payments startup. This acquisi...

Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...