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Twitter to ban cryptocurrency ads from Tuesday as online crackdown widens

The prohibition will cover advertising of initial coin offerings (ICOs) - crowd funding used to raise cash by creating new coins - as well as token sales. FILE PHOTO | NMG

By  REUTERS

Twitter Inc will start banning cryptocurrency advertising from Tuesday, joining Facebook and Google in a clampdown that seeks to avoid giving publicity to potential fraud or large investor losses.

The prohibition will cover advertising of initial coin offerings (ICOs) - crowd funding used to raise cash by creating new coins - as well as token sales, the San Francisco-based firm told Reuters on Monday.

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