Twitter is suspending some users who solicit crypto

Twitter is suspending some users who solicit crypto
From TechCrunch - March 8, 2018

Twitter is taking some steps to combat cryptocurrency scammers on its platform. But these are best classified as baby steps at this point.

The company does not currently have a specific ad policy relating to cryptocurrency and ICO related adswhichFacebook banned in January.

We allow ads that dont violate the Twitter Advertising rules, was the response from a Twitter spokesman when we asked about its policy towards crypto and ICO ads.

Its current policy includes prohibitions on:

Twitter also notes there can be country-specific restrictions on financial services.

Yet earlier this month, Australian news site ABC Newsreported that local Twitter users were being inundated with ads for Initial Coin Offerings and cryptocurrency exchanges.

At the same time, many global regulators haveissuedpublic warnings about the risks of investing in ICOs.

Some regulators have banned them entirely.

And the crypto market is essentially characterized by misleading and deceptive claims at this pointgiven the lack of clear and firm regulation.

So Twitters continued acceptance of ad dollars from cryptoland looks pretty hard to square with its own ad policy at this point.

What it is doing to mitigate crypto scamming appears to be a more subtle policing of Twitter users who send tweets that contain targeted requests to others to send crypto.

Reuters reports that an account posing as Elon Musk, which had last month targeted followers of the billionaire and claimed to be giving away cryptocurrency, was suspended as of yesterday.

Were aware of this form of manipulation and are proactively implementing a number of signals to prevent these types of accounts from engaging with others in a deceptive manner, a Twitter spokesperson told the news agency.

The spokesman declined to provide us with any more information about its actions or the kinds of issues its tackling in the crypto area.

But a tweet sent as a joke by a friend of a TechCrunch colleagueasking him to send me 0.6-3.0 eth and a press release and get back a press release you can pretend is real pressresulted in this Twitter users account being briefly suspended.

At the same time, after searching for all of two seconds, we found what is clearly a fake account (screengrabbed below) posing on Twitter as the Telegram Open Network, and soliciting1 to 5 ETH to become a part of the 3rd A pre-ico sale.


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