Twitter to Confirm ICO Ads Ban

Twitter will follow Google and Facebook's lead in banning cryptocurrency related ads
27 March 2018   1708

Following Facebook and Google, Twitter will ban advertising of crypto and ICO, reports CNBC.

We are committed to ensuring the safety of the Twitter community. As such, we have added a new policy for Twitter Ads relating to cryptocurrency. Under this new policy, the advertisement of Initial Coin Offerings (ICOs) and token sales will be prohibited globally.
 

Twitter spokesperson

He also added that "this kind of content" is often associated with fraud and deception, which was the reason for the decision.

Rumors about a possible ban on advertising of cryptocurrency in Twitter appeared on March 18. At the same time, the head of the company Jack Dorsey said that in 10 years bitcoin will bypass the importance of the US dollar and become the most actual currency in the world, which will be used by billions of users around the world.

SEC to Accuse Opporty International in Illegal ICO

The company had sold $600k worth OPP Tokens, which are being considered by the watchdog as an unregistered securities
22 January 2020   73

The US SEC claims that Opporty International has raised about $ 600,000 from nearly 200 investors in the illegal ICO process, and its founder, Sergey Gribnyak, is accused of conducting a fraudulent initial coin offering process.

According to the US SEC, the blockchain company sold OPP Tokens, which are unregistered securities with digital assets.

The Securities Commission claims that the blockchain company Opporty lied to its users, claiming that their ICO was regulated.

The SEC claims that Opporty has condoned several illegal acts, including the misappropriation of third-party content without endorsement or attribution, to create the false impression that actual users of the platform created this content. Regulators say the defendants falsely told their potential investors that they had “taken on board” the company with more than 6,000 trusted suppliers.

As stated in the SEC complaint, Opporty violated five sections of the Securities and Exchange Act. Regulators are seeking an injunction to allow the company to place digital or other securities. The document also mentions Clever Solution Inc, another business run by Gribnyak, accused of, among other things, extortion.