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Facebook is banning all ads that promote cryptocurrencies, including bitcoin, in an effort to prevent people from advertising what the company is calling “financial products and services frequently associated with misleading or deceptive promotional practices.”
That means no advertiser — even those that operate legal, legitimate businesses — will be able to promote things like bitcoin and other cryptocurrencies, initial coin offerings — ICOs for short — or binary options, according to a Facebook blog post.
Full article: https://www.recode.net/2018/1/30/16950926/facebook-mark-zuckerberg-bans-crypto-advertising-bitcoin-james-altucher
Nice post! But I thought Zuck was into Crypto, btw check out my latest post about NEO
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Simple: Facebook is planning something on blockchain technology. Probably ICO.
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Its not only that Facebook is probably planning an ICO, but that they are really trying to clean up their ecosystem. The bitcoin related advertisements fell into 2 categories:
1-ICO scams: most of the coins advertising on facebook had no product and crappy whitepapers. Is it any wonder that the biggest one was bitconnect?
2-Get rich quick schemes: James Altucher carpet bombing your feed with his "secret formula" for cracking the code on crypto currencies. Im sure FB received a lot of complaints about those and i am extremely happy to know i won't see his face 50x a day...
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