Big media platforms one by one are refusing to give cryptos advertisement space, which will make ICO listing sites more influential than ever.
Following big media giants such as Facebook and Google, Twitter is now on its way to prohibit the advertisement of all cryptocurrency-related materials, including ICO’s and token sales. According to the report released by Sky News, there are only two weeks before the new changes are enforced. The report further points out that even the ads for cryptocurrency exchanges are at risk of being banned once the policy is established.
Last week Google started treating cryptocurrencies as “speculative products” and declared its intention to strip its platforms of all crypto advertisement.
“We updated several policies to address ads in unregulated or speculative financial products like binary options, cryptocurrency, foreign exchange markets and contracts for difference (or CFDs),” stated Google’s Director of Sustainable Ads a blog post. “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,” the company warned. Just in 2017, Google deleted about 3.2 billion ads that didn’t comply with its advertising standards.
Facebook also started associating cryptocurrencies with “misleading or deceptive promotional practices”. Rob Leathern, Product Management Director at Facebook, has voiced his concern about possible scams and deception in crypto-related Facebook ads because they “are not currently operating in good faith”.
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