Email Marketing service MailChimp declared a policy shutting off Blockchain and ICO related accounts. MailChimp Said in a tweet that “digital money related data isn’t really restricted,” given the sender isn’t offering, exchanging, putting away or promoting cryptographic forms of money.
Cryptocurrency-related information isn’t necessarily prohibited. It can be sent as long as the sender isn’t involved in the production, sale, exchange, storage, or marketing of cryptocurrencies. Our Acceptable Use Policy goes into more detail: https://t.co/JnHajBEUNk
— MailChimp (@MailChimp) March 29, 2018
MailChimp will bar marketing efforts for Cryptocurrency and initial coin offerings after one month from now.
While many Media publications reached out to mail chimp in order to know what’s the matter was and are they going to deactivate all crypto related accounts, As per the company’s reply –
The promotion and exchange of cryptocurrencies is too frequently associated with scams, fraud, phishing, and potentially misleading business practices at this time. It’s important to note that this update to our policy does not prevent the discussion of related topics in messages sent through our platform. For example, journalists and publications may send cryptocurrency-related information as long as they’re not involved in the production, sale, exchange, storage, or marketing of cryptocurrencies.
They, later on, clarify, that they don’t really hate Blockchain Technology but they don’t want to be a Platform to encourage or a Medium to Fraud or Scams.
We recognize that blockchain technology is in its infancy and has tremendous potential. Nonetheless…
The Restriction is reflected in company’s use policy, as per the Policy it was clearly stated that –
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.”