Twitter going to ban cryptocurrency even bitcoin too, Facebook and Google already taken action : Report

After Facebook and Google, Twitter is now going to ban ads for cryptocurrency. According to the Sky News report, the new Twitter policy will be implemented in two weeks. According to this policy, Twitter will no longer show advertisements for all cryptocurrency, including bitcoins.

Google had announced last week that it would ban advertising of CryptoCurrency including bitcoin and other speculative financial products. The ban on such advertisements will be applicable from June. Scott Spencer, Google's Director of Sustainable Ads, said in blog that many policies have been updated to address advertisements of irregular or speculative financial products such as binary options, cryptocurrency, foreign exchange market and CFD contracts."

In 2017, Google banned more than 3.2 billion such ads, which were violating Google advertising policy. Google found 79 million ads in its network try to redirect to malware sites, So Google removed 400,000 such unsafe sites last year.

In January, the social media giant Facebook banned all advertisements promoting bitcoin and other cryptocurrency including ICO. The new policy prohibits advertisements that promote financial products and services that are often associated with misleading, Facebook said in a statement, "We want Facebook users to get the better advertisement experience, which are free from scam and confusion." He said, there are many companies that are doing binary options, ICO and cryptoconcity ads which are not currently working in goodwill. "Facebook's product management director Rob Layton said.