Twitter has said that it will ban advertisements that promote cryptocurrencies and initial coin offerings (ICOs) starting from Tuesday. The move follows other social media platforms like Facebook and Google, which have already banned cryptocurrency ads. “Under this new policy, the advertisement of Initial Coin Offerings (ICOs) and token sales will be prohibited globally,” the company told the media in a statement. “We know that this type of content is often associated with deception and fraud, both organic and paid, and are proactively implementing a number of signals to prevent these types of accounts from engaging with others in a deceptive manner.” Google and Facebook have done the same Twitter’s move mirrors actions implemented by Facebook and Google, the two giants in the web advertising domain. Facebook had banned advertising of cryptocurrencies on its platforms in January, saying that these…
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