Now Twitter is also banning cryptocurrency advertising

A snowball effect has been caused by Google and Facebook’s recent decisions to ban ads related to cryptocurrencies and ICOs, and Twitter is now following suit.

According to a report from Sky News, the micro-blogging social media platform will roll out a new advertising policy within the next two weeks, and the new rules will put a ban on crypto ads for wallets, token sales and ICOs.

Ads for cryptocurrency exchanges will also be banned, though some exceptions will be made.

Though the move isn’t entirely surprising, it comes very quickly after Twitter’s decision to begin banning accounts tied to using cryptocurrency to scam users out of false investments.

Mark Carney, governor of the Bank of England, recently told Sky News: “There are a number of problems with cryptocurrencies. They are small now but they are getting bigger. We will talk about them at the G20 meeting and we are talking about them now in the Bank of England. The Financial Policy Committee is looking at the risks to financial stability.

“There are issues for authorities who deal with money laundering, terrorist financing and price fixing. There have been a number of incidents of theft – not just big crimes but also steady thefts from people’s wallets.”