SA国际传媒

SA国际传媒 News has learned from a source familiar with the company that twitter will place a ban on advertisements for blockchain tokens and so-called initial coin offerings (ICOs). The person offered no further information on the company鈥檚 timeline or proposed implementation of the ban. This validates , which said the crypto-ad interdiction will begin within the next two weeks.

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This decision seems to have been in the works for some time. SA国际传媒 News reached out to Twitter on February 9th of this year and was told that the company was still assessing its stance on cryptocurrency ads at that time.

More than one month later, with the story from Sky News聽and a confirmation from a well-informed source, it looks like the result of that rumination will be to bring down the ban hammer.

The Great ICO Ban

Twitter isn鈥檛 alone either, as many tech giants are foregoing ad revenue ostensibly in the name of protecting users from financial exploitation. major platforms to ban blockchain ads back in January. Last week, Google that it would ban ads for certain financial products, including binary options and “[c]ryptocurrencies and related content” including wallets, ICOs, exchanges, and trading advice.

According to , companies in the crypto space are now “shut out of 70 percent of the world鈥檚 digital ad market,” when accounting for Facebook, Google, Alibaba, Baidu, and Tencent鈥檚 recent bans.

This may not bode well for existing cryptocurrency companies or upstarts looking to raise an ICO, a popular fundraising mechanism among those looking to finance blockchain projects.

In previous reporting and analysis, SA国际传媒 News聽found that ICOs delivered at least 3.5x more capital to blockchain startups than traditional venture capital funding rounds have since 2017. In other headwinds news, the Securities and Exchange Commission (SEC) . And, in an effort to comply with existing regulations, 颁辞颈苍顿别蝉办听suggests that many founders are . The exemption stipulates a 12-month lock-up period where securities can鈥檛 be traded, which will slow investors鈥� sprint to liquidity at cryptocurrency exchanges鈥攐ne of the few merits tokens claimed over traditional equity shares.

Taken together, market and regulatory forces may finally start to cool the heels of this very hot sector.

滨濒濒耻蝉迟谤补迟颈辞苍:听