The ban will include ICO-related ads and token sales. The policy will be announced within the next 30 days and includes both virtual currency trading and e-wallet.
Twitter will begin banning electronic money from March 27, according to Reuters.
Twitter has confirmed the rumors will continue to step Facebook and Google proceed to block the ads related to crypto.
Exchanges with Reuters, Twitter said the ban would include ads related to electronic fundraising (ICO) and token trading. The policy will be announced within the next 30 days and will include electronic money exchange and wallet services. However, the ban does not include public companies listed on major stock exchanges. In the Japanese market, Twitter will only allow ads for electronic money exchanges under the management of the national financial regulator.
According to Twitter, the safety of investors is the main reason for this ban. Earlier, this social networking site has taken several measures to prevent linked electronic money accounts from attempting to commit fraud. However, Twitter has faced the urge to issue a similar ban on Facebook and Google.
In the wake of the announcement from Twitter, the crypto market continued to decline after Monday's fall.
However, talks with Reuters, Zenron Kapron's chief financial adviser Kapronasia pointed out the risks directly related to Twitter behind the ban:
"As more and more ICOs appear on the market, platforms such as Twitter and Facebook are no longer able to track and distinguish between ICO and electronic money. Although ICO ads bring about a significant revenue for Twitter, the consequences of fraudulent activity are far greater and are not worth the price tag for Twitter. "
Earlier in January, 1818, Facebook decided to restrict the ads related to crypto. Meanwhile, the ban, announced by Google in early March, will come into effect in June.
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