Very recently, the team in charge of the news network called cheddar managed to obtain some statements from spokespeople who affirmed that the social network SNAPCHAT decided to prohibit all advertising on the ICO cryptocurrency and its offers on its platform According to Cheddar.com, Snap Inc., the company that owns the Snapchat app, has been introducing and implementing rethinking on that topic since February, but has allowed general information on cryptocurrencies in advertising. Therefore, it is possible that this prohibition affects exclusively the ICO and not the rest of the announcements related to cryptocurrencies. Although no official announcement from Snapchat has yet been issued regarding this prohibition, a few hours before the publication of this article a representative of this company confirmed the truth of this news, but did not explain if the ban would extend in the future to other types of cryptoactive advertising beyond the ICO.

In this way, Snapchat joins the growing group of social networks that have restricted advertising related to ICOs on their platforms