Following the Facebook ban of crypto advertising in January this year & Google’s recent update to its Financial Services policy that will ban crypto ads starting in June 2018,
Twitter seems to have also joined the chorus of using there ban rods on all crypto ICO ads and also crypto wallet ads on its platform.
Though Twitter has not yet responded to a request for confirmation of the alleged crypto ad ban by press time,so it still remains an alleged claim by SKY NEWS
However, one thing is for sure,Twitter might implement this crypto ad ban sooner than expected,following the influx of scammy ICOs and fake crypto persona accounts all set up to rip off unsuspecting investors on its platform.
My Thoughts On this
I know quite well that scammers have taken advantage of the ICO frenzy to scam unsuspecting investors by constantly pushing there ads on these platforms, but i personally don't think its enough reason for them to ban all crypto ads altogether.
However,I think
It is a sign that cryptocurrencies are threatening the very existence of all these centralised organisations.
The first to get hit badly are banks, followed by Alipay, PayPal, and then social media. Blockchain technology has a wide range of applications.
If all these tech companies are making such moves, it means we and cryptocurrencies are all generally doing something right for humanity in the expense of threatening the monetary system and capitamedia
Also, I think its an opportunity for blockchain platforms like adex and steemit to take full advantage of the situation and provide a better opportunity for legit crypto ICO ads thereby screwing Facebook, Google & Twitter.
In addition,I also think banning crypto ads by Facebook,Google & Twitter is good for crypto because real crypto doesn't go to Google,Facebook or Twitter for ads, we have our channel. Only Ponzi like bitconnect will put ads on Google and put up banner at CMC (coinmarketcap).