Twitter To Follow Google And Facebook Ban On Crypto Ads

According to a report posted on Sky-News,  the social microblogging platform, Twitter, is planning to ban all cryptocurrency ads in two weeks with a change on its ToS (Terms of Service) agreement. This would eventually make them follow Facebook and Google policies on the issue. The measure is announced when the market is facing double-digit drops, and it could affect prices more.
Twitter has been known to be more liberal with its censoring policies in its platform, even allowing adult content to be posted. But, it seems that the reason for this move its self-preservation and avoiding possible lawsuits. Also, there can pressure from the federal level, like the one the FBI exerted on Google.
Twitter is likely protecting itself and adopting an approach of wait-and-see, and following the outcome of the SEC onslaught on cryptocurrencies and especially on ICO companies. The SEC has subpoenaed most of ICO, and some experts believe that a number if ICOs could have operated outside federal laws.All of this drew some unwanted attention from the Congress, and the first crypto related hearing was held in the house, with the clear objective of gaining some insight on the industry to start drafting regulations.
The report suggests that not only ICO ads will be banned. Also, every wallet company and exchange would not be able to advertise its services on Twitter. It seems that the space for crypto advertising on the internet shrinks every day.
More established services like wallet providers and certified exchanges will suffer the same prohibition that less known (and less secure) incumbent ICO. At this moment, the only thing that will allow advertisers, service providers, and publishers to be safe and operate without worries, is regulation. A regulatory framework would be beneficial for the market and would let everyone on the chain what to do, and what not to.

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