TikTok on Wednesday announced its plans to ban all political fundraising on the video-sharing platform.

The company’s President for Global Business Solutions, Blake Chandlee, disclosed this In a statement via its official website.

The statement read partly, “TikTok has long prohibited political advertising, including both paid ads on the platform and creators being paid directly to make branded content.

“We currently do that by prohibiting political content in an ad, and we’re also now applying restrictions at an account level. This means accounts belonging to politicians and political parties will automatically have their access to advertising features turned off, which will help us more consistently enforce our existing policy.

“Additionally, we will be prohibiting these accounts from accessing other monetization features. Specifically, they will not have access to features like gifting, tipping, and e-commerce, and will be ineligible for our Creator Fund.

“These changes, along with our existing ban on political advertising, mean that accounts belonging to governments, politicians, and political parties will largely not be able to give or receive money through TikTok’s monetization features, or spend money promoting their content.”