Recently Google has announced a complete ban on cryptocurrency related advertisements starting from June 2018. Facebook was the first internet giant to issue a similar restriction policy in January.

According to Sky.com, Twitter will be no exception from this movement as they are planning to move forward with a ban that prohibits advertisement of initial coin offerings (ICO), toke sales and cryptocurrency wallets. They also stated that there will be a partial ban for cryptocurrency exchanges, with some exception, meaning that emerging regulated and licensed exchanges could be kept safe from the rule.

There has been an ongoing effort to regulate cryptocurrencies on a global scale as both the G20 and IMF are planning to take action in the near future. Several countries have already created local guidelines for ICOs, but there is still yet to see a complete global framework on how to deal with these start ups.

Ban of advertising on these internet platforms could be a preliminary action to keep the managing businesses out of harm when actual regulation happens, as it is yet unclear, which of these startups are running illegal crowdfundings in their jurisdictions.

This is currently bad news for ICOs as most offer no real products to advertise, but only business plans, thus they will soon run out of platforms to gather interest at.