{"id":9418,"date":"2021-07-10T11:54:12","date_gmt":"2021-07-10T11:54:12","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/tiktok-bans-users-from-promoting-cryptocurrencies\/"},"modified":"2021-07-10T11:54:12","modified_gmt":"2021-07-10T11:54:12","slug":"tiktok-bans-users-from-promoting-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/tiktok-bans-users-from-promoting-cryptocurrencies\/","title":{"rendered":"Tiktok Bans Users From Promoting Cryptocurrencies"},"content":{"rendered":"

Tiktok has banned its users from promoting all financial products and services including those related to cryptocurrency. The company also prohibits ads relating to cryptocurrency.<\/strong><\/p>\n

Tiktok Prohibits Users From Posting Content Promoting Cryptocurrencies<\/h2>\n

Social media platform Tiktok has banned content promoting cryptocurrencies and related products and services. The company\u2019s \u201cBranded Content Policy\u201d states:<\/p>\n

All financial services and products are prohibited, including but not limited to \u2026 cryptocurrency.<\/p>\n

Among the list of other prohibited products and services listed as examples are lending and management of money assets, loans and credit cards, trading platforms, cryptocurrency, foreign exchange, pyramid schemes, and investment services.<\/p>\n

Under Tiktok\u2019s advertising policies, the company also prohibits ads relating to cryptocurrency. In most countries, including the U.S. and the U.K., Tiktok bans \u201cAds promoting virtual currencies\/cryptocurrencies (e.g. bitcoin and ethereum), as well as cryptocurrency trading platforms and advisory services are prohibited.\u201d In South Korea, cryptocurrency advisory services are also prohibited.<\/p>\n

According to the Financial Times, Tiktok\u2019s move came after individuals were warned about taking financial information from Tiktok over concerns it could be misleading and hurt young savers.<\/p>\n

<\/p>\n

Martin Bamford, head of client education at Informed Choice, believes that Tiktok\u2019s ban is the platform \u201cclamping down on directly or indirectly sponsored content which leads to an affiliate link, for example, to sign up to a trading platform and get free stocks.\u201d He opined:<\/p>\n

We see a huge amount of this branded content on Tiktok, usually from poorly informed commentators, who lure in followers with promises of riches, but in reality are making their money off people signing up via affiliate links.<\/p>\n

Many people have been using Tiktok to promote cryptocurrencies, including the popular meme-crypto dogecoin (DOGE). Some Tiktok videos have even pumped<\/a> the prices of various cryptocurrencies.<\/p>\n

What do you think about Tiktok banning content promoting cryptocurrency? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, tiktok, tiktok bans crypto, tiktok bans cryptocurrency, tiktok bitcoin, tiktok crypto, tiktok cryptocurrency, tiktok doge, tiktok dogecoin<\/p>\n","protected":false},"excerpt":{"rendered":"

Tiktok has banned its users from promoting all financial products and services including those related to cryptocurrency. The company also prohibits ads relating to cryptocurrency. Tiktok Prohibits Users From Posting Content Promoting Cryptocurrencies Social media platform Tiktok has banned content promoting cryptocurrencies and related products and services. The company\u2019s \u201cBranded Content Policy\u201d states: All financial…<\/p>\n","protected":false},"author":0,"featured_media":9419,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-9418","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/9418"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=9418"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/9418\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/9419"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=9418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=9418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=9418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}