Tiktok curbs cryptocurrency promotional ads

Are you a Tiktok influencer? Are you also a cryptocurrency, perhaps a DogeCoin enthusiast? Well, you cannot promote it on the platform anymore. The platform published new rules on the subject. It says influencers are prohibited from posting financial products-related promotional content, irrespective of the location. Tiktok was prominently used to promote DOGE and create hype around it.

Other social media like Reddit is also used for this purpose. Martin Bamford said that Tiktok is particularly targeting affiliate marketing-related ads that urge people to sign up for particular programs. This is because some people are misguiding people using this platform as they don’t have enough information.

However, we still don’t know if this rule extends to all financial ads or promotional ones. Or if it will somewhat be diminished to some extent, just like what happened with Google.