Twitter Will Ban Most Cryptocurrency-Related Ads

An anonymous reader writes: Twitter plans to ban most cryptocurrency-related ads in the next few weeks, as Sky News first reported and a source confirms to Axios. Why it matters: The recent boom in cryptocurrencies and digital tokens has unsurprisingly attracted some fraudsters. Twitter is following in the footsteps of Facebook and Google, though it's been having its own problems with accounts promoting scams.

Re:

[Train0987]

Are you the Russian Spy Troll sent here to make Democrats look even dumber? Well done.

Re:

[nitehawk214]

Once the pendulum swings, Ivan takes up the other side to stoke them.

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[nitehawk214]

Or any ad that is clickbait. "You wont believe this one simple trick..."

Except that the purpose of ads is clickbait, hmm.

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[Train0987]

If you think it's bad now wait until the Tether scam is exposed.

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[lactose99]

It would be nice to once again get good video cards at a decent MSRP too.

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[Highdude702]

MSRP hasn't changed. only in store pricing has changed. Go look at NVIDIA or AMD's website, they list MSRP in specs. RX580 is supposed to retail for $200.

Can you imagine

[Anonymous Coward]

Imagine if Twitter banned everything that was untrue, related to fraud, and hate speech.

There would be hardly anything.

Interesting dichotomy?

[Anonymous Coward]

It is interesting to see how fast Facebook and Twitter can move when a U.S. agency like the SEC is breathing down their necks, but how everything moves so slowly for something like international bad actor states that is even more damaging but doesn't have an agency that will move quickly and swiftly to penalize them.

Crypto ads and immediate SEC penalties: BLOCKED!

State-sponsored cyber terrorism facing long-running Congressional investigation: Oh, that's really complicated. We're working on it.

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[Oswald McWeany]

What amuses me is that I haven't seen a single crypto coin ad.

All these companies joining forces to ban these ads- and I've never seen a single one anyway. It's like the government protecting me from dragons and having a dragon defense task force. There are no dragons to protect me from.

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[BrianMarshall]

I have never seen a CC ad either. It's fucking virture signaling.

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[BrianMarshall]

or, maybe, "common enemy" signaling

How related is related

[wafflemonger]

By related cryptocurrency-related ads, does that mean ads that advertise cryptocurrency or ads that mine cryptocurrency? The second type is probably more important to ban than the first.

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[Dwedit]

Probably the first. This is targeted towards pump and dump schemes involving near-zero-value obscure cyrptocurrencies with tiny userbases,

Biggest Attack

[jwymanm]

On free speech in modern world so far. Obviously these providers are being told/threatened to do this. As others have said there are very little ads for crypto that most have seen or even bothered to click on. This is all about competition and seeing blockchain as a big threat to ad revenue, search engines, and communication / chat channels like twitter and facebook.