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Twitter To Ban Cryptocurrency Adverts On Its Platform

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Twitter is to ban most advertising of cryptocurrencies on its platform, joining Facebook and Google in a clampdown on the nascent industry, the company said in a statement.

The San Francisco-based firm will this week launch a policy that prohibits advertising of initial coin offerings,  a form of crowdfunding used to raise cash by creating new coins.

Also, adverts that promote token sales and crypto wallet services, the company said in a statement.

 The policy will also ban adverts from crypto-exchanges, with some limited exceptions.
Twitter said this month it was taking measures to prevent crypto-related accounts from “engaging with others in a deceptive manner’’, but it has faced calls to go further after bans by Facebook and Google.

Facebook restricted crypto-related adverts in February, while Google announced a ban on March 14 that comes into force in June. (NAN)

Joshua Oyenigbehin is an introvert who is passionate about Storytelling, writing and teaching. He sees his imagination as an unsearchable world, more magical than a fairyland. He has written a novel and working on another.