Twitter Confirms The Ban of Cryptocurrency Adverts

Twitter Confirms Cryptocurrency Ban

Following both YouTube and Facebook banning the advertisement of cryptocurrency adverts, it was always a question of who would next follow suit. As such, it came as little surprise when earlier this month we heard that they were considering joining them in a blanket ban.

Well, in a report via Metro, Twitter has finally announced that they have indeed rolled-out the ban.

Why the ban?

In recent months there have been a number of instances of fraudulent websites offering people the opportunity to buy cryptocurrencies. These are often promoted as ICO (initial coin offerings) on brand new currencies. It has, however, been found that many of these websites either offered bad investment advice or simply ran off with the money. It’s not as if the internet isn’t full of similar problems though.

With reputable companies such as YouTube (Google) and Facebook having come to this decision it clearly demonstrates the toxicity they feel surrounds them. Don’t forget that their ban means an end to that respective avenue of advert revenue. In fairness, I think this was the right decision and I’m not surprised Twitter has followed. It was, after all, only a matter of time before somebody decided to pursue legal action against them.

The future of new Cryptocurrencies

This does, of course, mean that new cryptocurrencies may have significant problems in promoting themselves. Additionally so for the exchanges commissioned to sell them. If the move continues on the few major social-media portals that continue to allow them, it could, if nothing else, spell the end of the glut of cryptocurrencies on offer. It’s certainly been a bumpy road for cryptocurrencies since the start of 2018.

What do you think? Surprised by the ban? Do you think these bans are simply knee-jerk reactions? – Let us know in the comments!

Mike Sanders

Disqus Comments Loading...

Recent Posts

AOC Gaming 24G2SP – 24 Inch FHD Monitor

The AOC 24G2SP's 165 Hz refresh rate, 1 ms MPRT and FreeSync Premium support eliminate…

2 days ago

AOC 24B3HM – 23.8 Inch FHD Monitor

Enjoy excellent picture quality with the FHD resolution and wide viewing angles of the powerful…

2 days ago


System: Intel Core i7-12700KF Processor (12 Cores, [8P @ 3.60GHz-5.00GHz / 4E @ 2.70GHz-3.80GHz], 20…

2 days ago

Lian Li UNI FAN SL-INF 120 ARGB 3 Pack 

A combination of the original UNI FAN SL and AL with a touch of infinity…

2 days ago

Razer Viper V3 HyperSpeed – Wireless Esports Mouse

Made With & Trusted by Pros Tailored for top-tier competition. Developed with esports pros, reshaped…

2 days ago

SaharaGaming SG520 W/O Fan Monochrome Magic ATX Tempered Gaming Case

Enhanced Airflow: Side and bottom air intake mesh panels with dust filters optimize volume airflow…

2 days ago