Twitter Joins the Ban Against Crypto Ads

Facebook, Google, and now also Twitter have all moved to ban cryptocurrency-based adverts on their sites. This means that any ads pertaining to ICO platforms, bitcoin wallets, token sales, crypto-trading etc. will be banned. Much of this spouts from illicit ads and fraudulent activities. Therefore, there will be some exceptions and policies are still being […]

Facebook, Google, and now also Twitter have all moved to ban cryptocurrency-based adverts on their sites. This means that any ads pertaining to ICO platforms, bitcoin wallets, token sales, crypto-trading etc. will be banned.

Much of this spouts from illicit ads and fraudulent activities. Therefore, there will be some exceptions and policies are still being put together. Analysts currently believe dips in market values and trading of crypto are being caused by the regulatory scrutiny and ban on ads.

This week Finance Monthly hears from BrokerNotes CEO Marcus Taylor on what this means for the crypto market as a whole: “The cryptocurrency market is taking a battering at the moment. It’s being viewed by consumers and big businesses as a wild west environment riddled with risk and instability. Google’s move to ban cryptocurrency ads, following Facebook’s decision last month, will light a fire under the industry to introduce the regulation needed to make the crypto market one consumers can trust in the long term.

“But what about the short-term impact? A recent report shows that 58% of online cryptocurrency traders are millennials and it seems logical that removing advertising from social media channels like YouTube and Facebook should have a major impact on their overall interest in the market. The reality will be different though.

“Although 18-30s represent a huge chunk of the market, 52% identify as experienced traders. The ban will simply serve to protect the ill-informed making bad decisions and bring market stability, rather than put a stranglehold on cryptocurrency trading.”

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