Twitter will ban advertising of cryptocurrencies

Twitter is preparing to ban a number of cryptocurrency-related advertisements starting April 1st. All this is happening against the backdrop of regulatory pressure on this business sector.

The microblogging service is going to follow the example of Google and Facebook, citing concerns about illegal activities. When the regulations are launched, Twitter will ban all crypto-related advertising

Facebook announced back in January its intention to ban ads advertising “financial products or services that are often fraudulent.”

On Wednesday in Google service stated that they also stop advertising cryptocurrencies and all related content, as well as ICOs, crypto exchangers, digital wallets.

Earlier this month, Bank of England Governor Mark Carney told SkyNews reporters that in his opinion “it has come It's time to regulate elements of the cryptocurrency ecosystem to eliminate illegal activity.”

Mr. Carney added: “There are many problems associated with cryptocurrency. And the size of these problems is increasing every day. We are discussing them every day at the G20 summit. These problems are money laundering, market pricing and terrorist financing. We could see many cases of theft of cryptocurrencies - and not necessarily large amounts, as well as regular disappearances of funds from the wallets of ordinary people. users. Operational standards for cryptocurrencies have not been developed even at a minimum level.”

In September last year, the US securities regulator for the first time filed charges of fraudulent activity against one of the companies conducting ICOs. Initial coin offerings have been called a controversial method of raising capital by creating coins or tokens using blockchain technology.

According to https://news.sky.com