Twitter Prohibits Crypto Currency Ads
The price of crypto bitcoin currency is still at the level of 8,000 US dollars as investors step to digest the latest developments about the prohibition of digital token ads in social media.
Based on Bloomberg data, bitcoin prices were at 7,844.25 per US dollar at 9:42 am London time. Earlier, on Monday (26/3/2018) Twitter Inc said it would ban crypto currency ads, token sales.
Twitter joined Facebook Inc and Google's parent Alphabet Inc. to ban advertising of crypto currency sales. Not only bitcoin is weakened because of this ban, other crypto currencies like Ripple, Ether and litecoin also fall in value.
When compared to the bitcoin price peak at the level of 20,000 US dollars in mid December 2017, then the value of bitcoin is now falling very deep.
Previously, Facebook banned the virtual currency ads in January 2018 while Google said it would ban digital currency ads as of June 2018.
With this uncertainty, the bitcoin trading bourse asks regulators to quickly determine the regulation of the virtual currency for investors to have certainty.
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