Twitter is reportedly poised to ban adverts for cryptocurrencies such as bitcoin, following the recent introduction of similar policies by Facebook and Google.
Twitter may also ban adverts for cryptocurrency exchanges, the news site reports, although there would probably be “some exceptions”.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
While Sky sources didn’t reveal why the Twitter is reportedly planning the policy change, Engadget says it seems likely that the social media giant “doesn't want to knowingly put users at risk”.
A number of cryptocurrency enhances and ICOs “have uncertain prospects”, the website says. In worst-case scenarios, digital coins offerings and sales can be “take-the-money-and-run scams”.
The unconfirmed move follows Google’s decision, announced last week, to ban adverts relating to cryptocurrencies on its ad network, Gizmodo reports.
Facebook axed virtual currency adverts from its site in January, the site says, while chat forum Reddit has also decided to introduce similar advertising guidelines.
Twitter’s new ad policy would not be the first step in the company’s programme to limit its users exposure to cryptocurrency scams, The Verge says.
The social media site is also planning to crack down on accounts set up by scammers who pose as celebrities and ask followers to send them small sums of virtual currencies, promising bigger returns, the website says.
-
South Korea's divide over allowing Google MapsTalking Points The country is one of few modern democracies where the app doesn't work
-
Google avoids the worst in antitrust rulingSpeed Read A federal judge rejected the government's request to break up Google
-
Is AI killing the internet?Talking Point AI-powered browsers and search engines are threatening the death of the open web
-
What's Linda Yaccarino's legacy? And what's next for X?Today's Big Question An 'uncertain future' in the age of TikTok
-
X CEO Yaccarino quits after two yearsSpeed Read Elon Musk hired Linda Yaccarino to run X in 2023
-
Musk chatbot Grok praises Hitler on XSpeed Read Grok made antisemitic comments and referred to itself as 'MechaHitler'
-
Unreal: A quantum leap in AI videoFeature Google's new Veo 3 is making it harder to distinguish between real videos and AI-generated ones
-
Google's new AI Mode feature hints at the next era of searchIn the Spotlight The search giant is going all in on AI, much to the chagrin of the rest of the web
