Twitter Inc. plans to ban advertisements from certain cryptocurrencies on its platform.
A Twitter spokesperson in a statement on Monday said the new policy will globally block the initial coin offerings (ICOs) ads that largely use crowdfunding in order to generate new coins, in addition to advertisements promoting token sales.
“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 spokesperson said in a statement.
Read more at The Hill.