Bitcoin exchange says it will take down all the ‘bad’ ads, which it claims will increase bitcoin adoption
Bloomberg News article Bitcoin exchange Bitstamp is taking down all its ads after the site’s owners claimed to have reached a “tipping point” with the site.
Bitstamp chief executive Patrick Murck said on Friday that the company would remove all ads that promote the cryptocurrency and that the only ads it will allow are “those that are not in our view as promoting fraud or deception.”
He added that Bitstamps advertising program would be “limited to non-advertising ads only.”
Bitcoin is the second-largest digital currency after bitcoin itself.
The site said on Thursday that it had reached a tipping point in the amount of users that had invested in the platform.
The currency has experienced a steep fall in value in recent months, falling below $2,000 a coin last month.
Last month, Bitstamped said it would take the cryptocurrency offline as a precautionary measure.
Murck also said on his blog that Bitfinex, the exchange the exchange was based on, had been shut down and that Bitmain, a Chinese company, was involved in the transaction.