Facebook first, then Google, now Snapchat

Finally, Snapchat was included in the caravan, which prohibits ICO advertisements launched by Facebook. Cheddar announced on Monday that parent company Snap Inc. has quietly implemented this practice since February, and has allowed advertisements for token sales to be restricted, allowing advertisements for crypto money sales to be made more generic.

A company representative confirmed that Snapchat forbade ICO advertisements, but did not comment on plans to expand the ban on other crypto activities.

It appears to be a weak reaction late

So far, the company's stance has been relatively weak compared to other social media giants. In January, Facebook banned most advertisements for the sector and encouraged publications on cryptographic currency, including base technologies such as Bitcoin.

Also, last week, Google announced that since June, crypto-currency ads, including subsidiaries like YouTube, will be banned.

Twitter is about to ban ads

The latest news is about to ban commercials on Twitter. Although it is not yet confirmed, the ban is expected to affect cryptographic currencies, exchanges and ICOs with some exceptions.

The microblogging site is aimed at accounts that have been increasing in fraud and misinformation in the last few months. During the work up to now, some community thought leaders and official corporate accounts also mistakenly limit themselves.

Recent movements to block crypto advertising on social media occur during a hard warning to the ICO, which comes from the US Securities and Exchange Commission and suggests that many crypto-tokens can be considered as informal securities.