Twitter is to ban most advertising of cryptocurrencies on its platform , joining Facebook and Google in a clampdown on the nascent industry , the company said in a statement.
The San Francisco – based firm will this week launch a policy that prohibits advertising of initial coin offerings, a form of crowdfunding used to raise cash by creating new coins .
Also , adverts that promote token sales and crypto wallet services, the company said in a statement .
The policy will also ban adverts from crypto – exchanges, with some limited exceptions.
Twitter 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 .