Twitter, like Facebook and Google, plans to ban cryptocurrency ads
Twitter plans to join its rivals in banning advertisements for cryptocurrencies on its site.
With the move, Twitter would become the latest tech company to ban such ads on its site. In January, Facebook said it wouldn’t allow crypto ads on its social network, and followed course last week.
The decision by the tech giants is a blow for the nascent market for digital coins but is seen as a way to protect consumers. Bitcoin and other cryptocurrencies struggle with fraudulent activity and illegal transactions. Because digital coin exchanges are still largely unregulated and transactions are hard to reverse, they’ve become targets for scams and hacks.
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Author Shara Tibken