Another bad news related to crypto currencies.
The social media giant "Facebook" has decided to ban all ads related to crypto currencies including bitcoins and ICO's (Initial Coin Offering) in an effort to make facebook free of scammers and fraudsters which has become a major source of marketing.
No doubt there are many fake crypto currency advertisements out there which are also sponsored by scammers and fraudsters, aimed at users who are inspired by the popularity of BTC's rise without knowing the actual facts. This move is strongly going to effect the market especially those who are operating a legitimate business.
However the banning of crypto currency ads is not made permanent by facebook and will reassess if it sees improvements in identifying and shedding out bad advertisements.
great post
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A slightly lazy stance taken by Facebook I think. Do your due diligence on the organisations behind the adverts and post the appropriate ones. Don't throw a blanket over everything.
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good post
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This post has received gratitude of 0.87 % from @appreciator thanks to: @danzy.
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