Twitter, Google, and Facebook Ban Crypto-Advertising

Digital advertising giants ban cryptocurrency ads

Recently, Google, Facebook, and Twitter have moved to ban cryptocurrency and Initial Coin Offering (ICO) advertising from their platforms. The move is largely a response to a lack of clear regulation in the sector and opportunistic, scam-laden advertisements. Facebook, the first of the three tech giants to announce a ban of this nature, put the blame on 'misleading or deceptive promotional practices', as Product Management Director Rob Leathern observed in a January blog post.

"We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception. That said, there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith." Leathern commented.