Connect with us

News

Cryptocurrency Banned From Advertising On The Very Popular TikTok Platform

Published

on

Popular platform TikTok has changed its user content policy. The ban affected financial services and products, as well as bloggers advertising cryptocurrencies, asset trading and other financial schemes. According to the TikTok administration, these measures were taken due to the fact that more and more scammers appear on the service.

The restrictions were introduced shortly after the Chinese government imposed a complete ban on cryptocurrency mining across the country. TikTok’s new measures will have a direct impact on bona fide financial institutions that have previously promoted their services through TikTok.

The updated text of TikTok’s advertising policy speaks of a complete global ban on branded promotion of financial services and products, including loans, credit cards, installment payment services, trading platforms, cryptocurrencies, exchangers and others.

Until now, many cryptocurrency trading companies have published recommendations for investing in cryptocurrency. Young users of the social network, striving to get rich quickly, took such recommendations as a guide to action, without trying to figure out the nuances. As a result, such stories often ended in sadness.

ByteDance’s TikTok short video service continues to gain popularity despite being blocked in various countries. According to SensorTower, the app has been downloaded over 3 billion times from App Store and Google Play stores worldwide.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Latest News

Software2 hours ago

Microsoft has made it easier to install the Linux subsystem for Windows. In Windows 10 and Windows 11, this is now done with one command

According to the source, in the latest builds of Windows Insider Preview, it became possible to install the Linux subsystem...

Software5 hours ago

MIUI 13 will not be released in August, but the shell will be released before the end of the year

Rumors that MIUI 13 will not be released in August have been confirmed at the official level. Wang Hua, a...

Phones5 hours ago

Huawei P50 Pro did not receive an inch image sensor, but that did not stop it from becoming the best camera phone in the world

Huawei did not go into the detailed specifications of all modules of the main camera of the P50 Pro smartphone...

Phones5 hours ago

Mi Mix 4 with a quad camera and an additional screen showed on new renders

New renders of the promising Mi Mix 4 smartphone have appeared on the Web – it is expected to premiere...

Phones6 hours ago

Android 12 testing has begun for Poco F2 Pro and Redmi K30 Pro. Published an updated list of smartphones Xiaomi, Redmi and Poco, which will receive Android 12

The source has published an updated list of smartphones Xiaomi, Redmi and Poco, which will receive an update to Android...

Electric Cars6 hours ago

GAC and Huawei create luxury electric vehicle brand. The first car of the new company will appear in 2023, and it will be an SUV.

Huawei has a ready-made solution for the construction of electric vehicles in its portfolio: it includes a platform, power plants,...

News6 hours ago

Video of the most difficult flight of the Martian helicopter Ingenuity has become available

A few days ago, the Ingenuity helicopter made its most difficult flight, and now we can appreciate the video and...

News6 hours ago

5000mAh and dual camera are inexpensive. Samsung Galaxy A03s is preparing to debut

According to the source, on the Indian version of the Samsung website, a page was found dedicated to solving technical...

Advertisement

Most Popular