Twitter set to ban cryptocurrency advertisements

Twitter is set to join Facebook and Google in banning cryptocurrency advertisements. / Korea Times file

By Jung Da-min

Twitter is expected to ban cryptocurrency advertisements in two weeks. Facebook has maintained a blanket ban since the end of January, while Google will apply a similar ban in June.

According to U.K.-based Sky News, the micro-blogging platform will target all ads for initial coin offerings (ICOs), token sales, and cryptocurrency wallets.

The global firms' ban is in contrast to the erstwhile lax regulatory atmosphere in the U.S., with Bitcoin listed as futures on the Chicago Mercantile Exchange. But Washington is also tightening the rules.