As there’s clearly too much ad revenue potential to ignore, Facebook is reversing its January ban on cryptocurrency ads.
The company says it will allow ads and related content from “pre-approved advisers,” but will still not allow ads promoting binary options and initial coin offerings.
the company said that its new policy would “improve the integrity and security of our ads, and to make it harder for scammers to profit from a presence on Facebook.”
According to the FTC, consumers lost $532 million to cryptocurrency-related scams in the first two months of 2018, Coindesk reported on Monday. And an agency official warned that consumers will lose more than $3 billion by the end of the year.
What do you think, is it a good step?
Hi Jatin
Thanks for the post, It is good step only beacause noe they are going through pre-approval process which will give control over advert. And ristrict those people who are giving cryto a bad shade by scamming people in scam coins through advertisement. This is a U-turn in right direction. Thanks for post it was a good read.
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i think it is good
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No doubt its a very good decision for facebook , and will help cryptocurrency world
Upvoted your nice post and following you
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@jatinkkalra I hope they revoked the ban...it's very good for crypto lovers!!!
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Good News & thanks for post
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Facebook is also a whale which manipulates crypto market
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Now people are understanding crypto currency
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nice content bro. Looking forward for your next post.
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small step but good for cryptocurrency
....
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FB has only allowed CRYPTO Ads, ICO's ads are still banned.
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Thats a good thing since many people try to scam people in to shity ICO using adverts. Facebook can't check if an ICO is scam or not.
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it is a great step taken by facebook.
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@jatinkkalra i feel this is a good decision by facebook and i think they literally behave like whales .
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I dont know why people are doubting crypto.
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Many scammers used facebook advertisment to lure investor in to scams, for examples many lending platforms, having a contol over add is necessary, facebook doing the right thing now.
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pray for bitcoin
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gud artcle
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This is highly a proof statement for an uprise for bitcoin & similar cryptocurrency.!
Potential of crypto is known by facebook by this U-turn!!! Let’s get some trade on it.
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Very good and great news for crypto lover. Hope soon google also remove the ban on crypto.. i am sure from here bitcoin price will definitely rise ..
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@jatinkkalra facebook took that step to limit the crypto and ICO fraud. But that ban also cause the promotion of good ico and crypto. So it's good and bad both according to me.
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Good news for bitcoin so far
Nice work keep it up
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@jatinkkalra
Facebook is biggest social media platform and good decision from facebook for crypto world
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I appreciate the steps
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why everyone have a problem with crypto...??
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Crypto is the future......no one can deny it and now fAcebook understand it.
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good going
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Market manipulation
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yaa it really is the good news for crypto lovers that slowly the corporate gaints are adopting the world of cryptocurrencies...
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Ab achhe din ko shuruat ho gai hai
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