Twitter will begin banning cryptocurrency advertising in an effort to discourage fraud and scams on its platform.
"We are committed to ensuring the safety of the Twitter community. As such, we have added a new policy for Twitter Ads relating to cryptocurrency," a Twitter spokesperson told CNBC. "Under this new policy, the advertisement of Initial Coin Offerings (ICOs) and token sales will be prohibited globally.”
According to Reuters, the new policy from Twitter - which will be rolled out over the next 30 days - will “also ban ads by cryptocurrency exchanges and wallet services, unless they are public companies listed on certain major stock markets.”