See What Twitter Wants To Do To Cryptocurrencies
There is more trouble for cryptocurrencies that are already loosing grounds.
Twitter Inc has joined Facebook and Google in a clampdown on the nascent industry.
It said in a statement on Monday that it would ban most advertising of cryptocurrencies on its platform.
The San Francisco-based firm will this week launch a policy that prohibits advertising of initial coin offerings (ICOs), a form of crowd funding used to raise cash by creating new coins.
Also, adverts that promote token sales and crypto wallet services would not be allowed, the company said in a statement.
The policy will also ban adverts from crypto-exchanges, with some limited exceptions, Reuters reported.
The soical network said this month it was taking measures to prevent crypto-related accounts from "engaging with others in a deceptive manner", but it has faced calls to go further after bans by Facebook and Google.
Facebook restricted crypto-related adverts in February, while Google announced a ban on March 14 that comes into force in June