As per latest report Twitter has confirmed that it will begin blocking cryptocurrency-related ads on the platform from Tuesday even as the micro-blogging site updated its policy relating to such advertisements. It was stated that the company quoted as "We are committed to ensuring the safety of the Twitter community. As such, we have added a new policy for Twitter Ads relating to cryptocurrency. Under this new policy, the advertisement of Initial Coin Offerings (ICOs) and token sales will be prohibited globally".
Previously as per report Twitter CEO Jack Dorsey acknowledged that the company was facing an issue wherein copying verified Twitter accounts to trick cryptocurrency users was becoming increasingly prevalent. Moreover Dorsey said the company was working to fix the cryptocurrency scam on Twitter in which several users were tricked and their digital assets were stolen.
Google said "In June 2018, Google will update
the financial services policy to restrict the advertisement of contracts for
difference, rolling spot forex and financial spread betting". Further
following this news, Bitcoin fell around 7% on Monday to below $8000. As per a
CBNC report, Bitcoin was trading near $7,886 as of 3:04 p.m. ET, which is more
than $600 less than a day earlier.
