Mailchimp one of the most popular mail management platforms in use today, has given the boot initial coin offering (ICO) promotions and cryptocurrencies in genera. Mailchimp is just the latest addition to a growing list of digital platforms or social media sites, such as Google, Twitter and Facebook, that have banned crypto.
The exact language in the updated Mailchimp “Acceptable Use Policy” is as follows:
“Also, we cannot allow businesses involved in any aspect of the sale, transaction, exchange, storage, marketing or production of cryptocurrencies, virtual currencies, and any digital assets related to an Initial Coin Offering, to use MailChimp to facilitate or support any of those activities.”
Cryptocurrencies and ICOs are in good company when it comes to prohibited content. Mailchimp also bans: Escort and dating services; Pornography/sexually explicit content; Gambling services or products; Emails offering to sell illegal goods or services, and more.
While the ICO space if rife with scams and bogus offerings there is a movement which is determined to legitimize ICOs as regulated securities, similar to stocks, bonds and other investment opportunities. It is not clear if Mailchimp and other platforms which have banned ICO promotions if they will eventually have a change of heart.