Bitcoin Forum

The rumour of news spread everywhere facebook banned cryptos ads.

Do you think facebook will develop there own coin in the future for there seek and for businessmen and investors?

maybe there's  other reason why crypto currencies banned on facebook ,  'cause as we see nowadays there are some bitcoin scammers on facebook which is ponzi that convincing more people and showing false testimonials ,maybe facebook received more report from that ponzi.  That's why they banned crypto to advertise on their site. 

I think no but it's still possible but i doubt it will happen because facebook has already earned billions and it's still earning today.
I think the reason why they banned cryptos in facebook is because many already are scammed in ICOs.
People got scammed because they think cryptos is easy money but it's not so the action of facebook is fair IMO.

What I think is there is a possibility If crypto is doing well and the trend is slowly moving towards crypto and it is a money making thing Facebook will definitely want to eat this big pie.

Mark Zuckerberg stated at the start of this year that he will explore in depth about cryptocurrency. Seems like he found out ICOs are a big source of spamming, scamming. Maybe that's why he banned these ads. For facebook coins though, what I am quite sure is he won't have intention to decentralize his platform. So, it will mostly be just for payment for ads, which is digital currency. He doesn't have to create his own facebook coin in this scenerio, unless he somehow wants to test playing with this crypto thing. It's just my opinion.

Facebook's ban on ICO advertising may be under pressure from governments.
Because governments are now planning to restrict ICO, it is not unusual for them to ban the advertising of ICO, and I think they are going to launch a facebook token by themselves.

Most likely in near future we will see a lot of news about Facebook token, maybe ICO. Mark Zuckerberg already understood, that he can miss the crypto boat.

Facebook is quite successful in its activities and without the introduction of any crypto-tools. Of course, if it adds the word "blockchain" in its name, the value of assets will grow many times over

yes i believe so they are getting into currencies and that is why they banned ads

Yes, I think so that The development on facebook have a plan to create an altcoins in the future
so, they are banned of ads crypto without the reason.

yes i believe so they are getting into currencies and that is why they banned ads

I read the statement that somebody share here from facebook, related on that statement, your mention reason above could be the most relevant reason on why facebook ban crypto.
Actually facebook not ban crypto but the ads which in facebook is not all good real crypto and some of them is ponzi like you said.
Facebook does not want to be included in the ponzi so they make quick respons to prevent more people get scam.

Right friends,  i had read this statement.  Mark zuckerberg CEO of facebook want banned cryptos in facebook due to he found out ICOs are a big source of spamming and scamming. Many people be victims of scamming that's why maybe Mark want to facebook banned crypto's ads.
I dont think so if facebook want make their own coins for businessmen or the others,  because in the fact facebook has earned billions and still earning until now! Facebook is one of the most famous media social in the world.

I don't think so, banning cryptocurrency on facebook meant be for many reasons,
1. scammer are using it to hot investors by sending fake link to you.
2. maybe mark think facebook is no longer secure with crypto.
3. or he want to come up with another ideal.
because if you are newbie or just hearing about crypto for the first time and you gain interest hoping to see the coin moon, fortunately you get scam how will you feel, many people has pass through pain because of facebook ads and they keep reporting negatively about crypto which i think is not a good repetition for crypto-currency.
so let just hope something good came out of this.

Not sure why would you need a coin in facebook; but assuming facebook came up with a use for it. facebook's decision behind banning crypto's ad is not really clear as to why; I think that would all change if maybe the gov would issue a regulation and that would inherently be adopted by all companies operating under its jurisdiction.

they will develop their own coin i think that is why they banned other cryptos this was a marketing stunt by them

they will develop their own coin i think that is why they banned other cryptos this was a marketing stunt by them

they will develop their own coin i think that is why they banned other cryptos this was a marketing stunt by them

we do not know. but from the first, facebook already has a coin for the purchase of the game. that's what I know. perhaps, facebook has the initiative to develop their coins. yes, this is only part of my thinking. in essence we see that facebook prohibits to prevent fraud from many ico.

Morelikely no,if facebook restrict ICO paid advertisement there is less chance for them to create their own cryptocurrency.SEC will surely come to their way if they are planning to create their own cryptocurrency.

They only stopped ads temporarily - their board has many major crypto players on it. They are walking a fine line between regulation (of fraudulent marketing of bad ICOs) while also avoiding a situation like the youtube mining hack. Its only a matter of time before they come up with a way to vet the ads and release them again...too much money lost not too.

It's not a rumor anymore, its a fact because it is already stated on the policy of Facebook. Anyway, it is possible that Facebook will develop their own coins to be used merely in Facebook transactions. If that happens, then Facebook would not be free anymore, you have to maintain coins in order for you to access your accounts. They will also integrate several investments in Bitcoin and soon, Facebook would become an investment site.

I think there is possibility that it might be that way, but I guess Facebook is just stopping only those fraud advertisements and regulating some policy regarding to ads. I heard that rumor of Facebook coin that want to develop by Zuckerberg but rumors are just rumors until it will be proven. If they will develop that one then that is a good thing to invest for considering so many Facebook users lurking everyday on their mobiles and PC's it sure be an adaptable coin.

Facebook to keep up with the time necessarily I think will develop its own crypto currency.

It might happen only if these projects can become legal in the USA. In case when the green light there is given to ICOs, nobody can exclude this situation. But right now it is impossible. Facebook will not deal with it.

Heard nothing of coin facebook, but I very hope that he will be. It is a very perspective company and I consider that for Mark all will turn out.

I think that after such actions on the facebook side, the price of the facebook token will not cost anything, because I do not see any factors for the price to keep growing. If at all facebook token did in the company facebook

I do not think that Facebook will do it nearest future.

This is not the case, with the United States and China actually banning bitcoin, including ICOs and virtual currency-related exchanges, where information is randomly spread over social software and they resist bitcoin

yes of course that is why they are banning other currencies i think this was a marketing stunt by them

yes of course that is why they are banning other currencies i think this was a marketing stunt by them

It would be interesting, they banned all other coin advertisement and if make there own it will be monopoly  ???

I think the Facebook decision was to protect its users from a lot of scam projects flying around the social media in form of ICOs. May be the policy could be relaxed in later days to accommodate genuine projects. But till then, there will always be an alternative. Facebook coin? I don't see it coming.

if Mark does that, it means he has an unhealthy competition. Why after many who do a massive crypto ad and then facebook issued a ban policy?

 I dont think facebook guys have thst much expertise in crypto, and are not instantly ready to adopt crytpo, so still a long way to go for them

The thing is that .. Mark very well decided to ban the ads because too much scam ICO has been released. But that give's him some +ses because he once told that he have interest of create an facebook coin or etc.
Even the board of the directors of facebook,messenger are in to the crypto.. This may be some big speculation about a new sensation soon. They can easily use the regulations for fading in the shadows.
Still tunned.

I think it will take a long time to find a way out of this problem. We must participate to eliminate the spamming out there are still scattered. In order to restore confidence in crypto again, so facebook again allow ads crypto, and facebook interested to make his own coins.

No, I don't think so, they have no reason to come up with that!

Haven't heard about this, I just googled facebook coin but just a bunch of adverstings and posts appeared, im a huge facebook user and would love to see this happening.

I read in a post by Mark Zuckerberg that he's interested in crypto currency! It's possible to make him own Altcoins. So what he did first was banned from crypto adds to facebook. This is probably one of his plans to lauch him with new Altcoins. So no matter what the reason , we can definitely be surprised

Mark Zuckerberg recently mentioned that he wants to create his own cryptocurrency. Preparation is started. For example, I would gladly look at the competition between Telegram Open Network (Pavel Durov) and Mark Zuckerberg Cryprto.

The reason behind blocking ads in facebook relating to cryptocurrencies is to protect users from illegal activities such as online theft, hacking, misleading, and deception.  I don't think that facebook would provide their own coin because the reason why they block these ads because they don't accept or tolerate  such kind of activities. But blocking ads from social networking site would greatly hit the coin market. So expect more changes in the market due to these kind of control measures in the abundance supply of ICO and Altcoin in the market. 

They say facebook has only banned cryptocurrency ads to help it's users not be misleaded by ads that are actually scams. I don't think they'll be creating their own coin but perhaps they're just trying to help and protect their users.

Maybe Facebook will be blocked in some countries that forbid crypto, if Mark actually creates his own coin and the transaction is done through his site.

Facebook Coins? I just heard his about facebook coins, not his facebook forbid crypto and ico to advertise in his company, if there really is a facebook coin, how to get his and his rules.

I think it is just rumours because of the recent banning and also Mark has come out saying that he likes cryptocurrency / blockchain.

I don't see them doing one anytime soon, more likely to just allow other cryptos to be used etc.

the reason facebook prohibits crypto advertising because many advertising projects use ponzi schemes and include profitable and potentially deceptive and disadvantageous invitations.
But if one day facebook create a coin project, will be many investors who will put the money because of the great potential

Yeah I agree on you, Facebook just want to clean-up the mess about scamming and to protect the welfare of there users.

Ads that violate the company’s new policy will be banned on Facebook’s core app, but also in other places where Facebook sells ads, including Instagram and its ad network, Audience Network, which places ads on third-party apps.

in fact Facebook is quite a serious social network and in it the clogging of information is inadmissible unlike Twitter where there is so much useless text

in fact Facebook It has long been time to get their coins because Telegram created his coin and then created such a panic in a good way

In my opinion, this is all about business strategy on Facebook. Cryptocurrency ICO are making millions of profits and they advertise free at Facebook sites which cause traffic on there sites to add also the safety of there users from the scammers since not all ico are legit.

It's more likely they will acquire a token rather than develop their own. Facebook isnt into developing anything. They prefer to buy their assets like Instagram or Oculus. It's more likely they will acquire something along the line of AdToken. A token like that would be perfect for them to acquire. It aligns with their products and would help boost revenue.

I think! facebook  not have a facebook coin from new rule of facebook about ICOs

Facebook's biggest PR threat is being seen as a platform for fake news, and part of that is misleading ads. FB determined that crypto ads have a higher rate of lies and deceit. Until they get their platform and public reputation in better check on the fake news front, I don't expect the crypto ads ban to be lifted, and I don't think it has anything to do with an FB coin/token even if that does happen.

yes, according to rumors circulating like that but I think it could be facebook also will make the coin itself in other words he will be easier to find the investors, maybe even this has become a facebook strategy itself. even rumors that circulate instagrams will also ban crypto ads, and hopefully it's just a rumor

Of course Facebook plans to introduce their own cryptocurrency. It is rumored that aliexpress will also launch their coins. I think that Facebook is now just clearing space from competitors.

if true it happens a disadvantage for the newly made ICO because of the lack of spreading the news about it instead of it, we'll see which one is best for facebook and crypto

I think they will engage in cryptocurrencies. Mark knows the potential of cryptocurrencies and he is an expert in coding. Eventually Facebook will release its own cryptocurrency in the future. But, we just have to wait and see.

 8) 8) 8) 8)
What I think is there is a possibility If crypto is doing well and the trend is slowly moving towards crypto and it is a money making thing Facebook will definitely want to eat this big pie.

Most likely in near future we will see a lot of news about Facebook token, maybe ICO. Mark Zuckerberg already understood, that he can miss the crypto boat.

 :-X :-X

taking into account the policy that facebook is currently conducting about cryptocurrencies, it is foolish to think that such a coin will appear

I don't think so, banning cryptocurrency on facebook meant be for many reasons,
1. scammer are using it to hot investors by sending fake link to you.
2. maybe mark think facebook is no longer secure with crypto.
3. or he want to come up with another ideal.
because if you are newbie or just hearing about crypto for the first time and you gain interest hoping to see the coin moon, fortunately you get scam how will you feel, many people has pass through pain because of facebook ads and they keep reporting negatively about crypto which i think is not a good repetition for crypto-currency.
so let just hope something good came out of this.

A lot of people have problems with publishing articles on medium. Their blogs are banned too.
Now Facebook... Merits on Bitcointalk make rank changing harder.  Maybe there is no opportunity for bounty hunters to continue working actively.

Ive heard they will..but at the end its still speculating

Recently, we hear a lot of news that Telegram wants to spend its multi-billion-dollar crowdsale. It is possible that Zuckerberg also does not want to lag behind the crypto revolution.

Telegram plans to release new coin and payment services based on this coin nearest months.
It's hard to imagine that Facebook will stay outside this crypto hype.
Not sure will Facebook make its own coin or not, but they will definitely add some crypto related features into the platform.

What? They baning in Medium too? It is harder and hader being bounty hunter :(

So many people get scam because of the ico project in facebook so thats why facebook take quick action in general.
Facebook does not want to get involve because of the scam schenario from ico project.
So thats why now we have to learn from it, dont ever believe such scam ico.

This probably wont happen anymore,its just a rumour from the past month but probably it will be impossible to create this coin because facebook restricted ICO related advertisements to their problems.The SEC surely will stop facebook from doing this because most of the social media website will follow facebook's footsteps thats why the SEC has something to do with the facebook ICO ban as they already restricted the U.S citizens from joining any ICO.

I think they would be more likely to invest in something like Ripple (Facebook buys 50% of Ripple on the market), then implement Ripple into their platform for buying/selling through Facebook. This would be a very strategic move for them and would allow them to focus on growth rather than development.

I am sure this rumour would never be happen anymore,as the facebook already restrict accepting ICO relating advertisement to their paid advertising program,probably they are just protecting their audience from these scammy ICOs as the SEC already prohibited the U.S citizens to participating any ICO,facebook is a centralized social media platform facebook is known in helping the government in resolving some cases with the help of their database,thats why it is common that facebook will abide to what the SEC applied.

what is true will be revealed in the future but there is a possibility for this because facebook has a big community, and very useful for business.

ps... Watch your spelling.

I would think it is possible. But I agree more with the notion that too many people are being fooled into cryptocurrencies, which their Facebook users think will affect their own users and will reduce the number of their users, so they forbid the cryptocurrenc

I dont get any official statement from Facebook if they will ban ICO ads, so i think this is just FUD. In my personality facebook will not do it because they raised much money from ICO ads. As i know Facebook only ban similar site like their own like revenue share site or other similar competitor.

It could be that facebook would develop its own digital currency one day,

But for now because either the reason what they forbid advertising on cypto

That probably the real reason why, but I wonder if Facebook is trying to create a coin. I read an article several weeks ago about Facebook getting into cryptocurrency.

This rumors will not far from realty if facebook would create their own coin there is no doubt it would easily earn  crypto traders attention it would not hard to sell since facebook has already millions of ads coming from companies and businessman I will surely participate what ever bounty they would release and even ICO

I hope so, but i think facebook won't created their coin or at least for the moment, but Maybe they will created their whole new system in cryptocurrency world. I guess Facebook are start to learning About cryptocurrency and will synergy to their platforms.

This is because too many fake ICO ads, the damage to the interests of many users, facebook this act is to prevent fraud and protect the interests of investors, and I do not think facebook will launch their own coins, because if he is right Interested in digital currency, there is no need to make this move.

Its hard to tell. I can see FaceBook investing into another crypto that already exists for their purposes. I dont know if they want to spend money on R&D to create their own coin when theres coins out there already

I hope facebook will release Coin ICo, this will be a very interesting thing

The rumor has been debunked, telegram distanced themselves from it that dey aren't conducting an ico as it has been circulating around that they want to conduct one.

Any thing can happen in this world but it doesn't look correct at the moment with current scenario. Facebook will not dig in crypto world unless there is a clear positive ways for cryptos.

Actually Facebook has got an electronic money project for itself. The trouble arises when Facebook is asked to provide user data without informing the owner. Hundreds of thousands of Facebook users have been exposed to personal and financial data to serve the law. And P2P networks are not really secure in terms of privacy and security. This is an obstacle to Facebook's electronic money project.

You spoke my mind. I highly doubt that facebook will create a new crypto coin based on their current ban on crypto ads. Facebook may actually create a new crypto coin where they would most likely premine a huge portion of those coins and keep it for themselves and release the rest of them to the public through a wide scale marketing campaign after a couple of months since anything can happen in this volatile crypto world. I wouldn't hold my breath though. I don't trust facebook in the first place to begin with and I think they will try to centralize their coin even if they launch it.

I've heard a lot about this project and I'm also looking forward to what Mark can do to develop his coin. Recently facebook has issued a ban on the ads on facebook of the ICO project, which could be a move of facebook want to keep for his facebook coin.

It is just for safety of people.
They may have received a lot of negative comments about this ICO's that is why they are putting it into a stop.
Facebook coin? I dont think Zuckerberg will get that idea considering his company is already getting millions of dollars. If I am like that I would not risk it anymore and just let it be. Facebook itself could already be an investment.
But if they are receiving a lot of negative feedback just like now then they could lose some of their customers.

Do they really need some investors? Maybe workers are what they need because that company is growing as days goes by.
They dont need investors. The advertisements are already feeding them. Actually, they are the one needed by investors to advertise their companies. They are too much popular to add a token to their side. It could just make it worse in the long term thinking.

I do think it is just some safety issues with scams and hyips and also fake ICO's. Look at how fast they grew. You can see it all here and that is not all ICO's out there.

welp who knows, they might actually develop it someday

due to these recent ponzi and scam ICOs facebook added this rule, it also affects the legit and good ICOs out there ;-;

hopefully there is a best solution from facebook because not all ICO is fraud.
facebook is the most widely used social media.
I just wish facebook set up the ad service feature for ico and not forbid it.

yes you are right rumor circulating facebook founder is studying what is cryptocurrency and it seems facebook will create and launch new coin that support facebook mobility.

in my opinion not, because facebook has got a big advantage from its own site
in my opinion, maybe they have heard a lot of fake ICO that advertise on facebook so that hurt many people, therefore facebook closes ICO advertising on its website

Specific references to this coin, I have not seen, and at the moment on the fall of the entire market I estimate it as rumors, and not as a real project. But it is quite possible it will be interesting to see.

This is similar to about 25 years ago when the internet was very young,I'm sure people were against the use of the internet especially with regards to fuelling terrorism but now there has been wide adoption of the internet in the same way facebook will one day use blockchain technology to do something.

Quite an interesting suggestion ...
I think it's quite possible! Facebook has long lagged behind in development, most likely already engaged in the transition to the blockchain. There they will develop a coin)

Perhaps this is done in order to influence the market as a whole. This will allow someone who is able to influence the market to buy coins at a convenient price

I don't really think that the adds ban and the rumors of Facebook launching a coin are related. I think banning crypto adds was a good decision, because most of those adds were of ICOs that would most likely end up in scams. This move will slow down the speed at which these companies spread. I actually think that this measure could also be taken by google, both on their adds and maybe YouTube channels. Those youtubers that helped promote bitconnect for example, are as guilty as the company itself in my opinion. Preventing scams to spread will be good in the long term for crypto markets.

As for facebook coin, I don't know if they will launch it or not. If they do, it will be the end of steem in my opinion.

i don't know if it's true,
but i think the main reason that they ban ICO promotion is because they think it's already too many ICOs that scam people, they don't to be a part of it. But if they really produce a coin, then i will be so speechless, let's wait and see

I think it's not that. Just there are a lot of gullible people who do not analyze information on Facebook and become victims of scammers.

i think it is not a true news someone spread that fake news so there is no any possibilities to invent the facebook coin.

I think that Facebook Coin would be a good cryptocurrency too if they're going to make their own coin for their own advantage but I don't think they will going to use blockchain for their advertisement purposes.
But Mark Zuckerberg and his team were always after to bigger picture and they're on long-term vision, and if they are seeing that adapting blockchain into their company isn't good for their platform then so be it.
Facebook is one of the best players in the internet market until today so whether they adapt or not it's up to them because Facebook without blockchain would be Facebook that is being part of our life everyday.

Facebook doesn't need to ban any adverts to start their own coin. If they do start an ico it will be one of the most successful ever. None of the existing icos can be a rival for Facebook :)

I can't see this coming as bitcoin before announced that they will be ready to accept bitcoin on their social media, and then now the new came like that.
i can see alot of post about crypto until now, maybe they will ban only the ico news and the price and sales.
though new with the project development and the ongoing projects will be able as long as there are no investment or money involve on the post!

Indeed, Facebook doesn't need Blockchain into their platform because people are still using it everyday but Blockchain technology are being used as the better alternative as another payment for their products and services because this will give more accessibility and flexibility for every business now.
Some social media and other internet platforms are now adapting blockchain technology innovation in order for them to offer wide ranges of services.
Facebook can adapt blockchain but I think they're not due to people are still using their platform whether they adapt blockchain or not.

The chance that Facebook can make its own coin in the future is quite large, because this social network is heavily affected by bounty companies and Facebook can take advantage of this.
In addition, they do not need to worry about the fact that nobody will know about their coin, it's Facebook, I doubt that they will have problems with promotion.
And about the prohibitions, most likely due to the fact that among the ICO many projects are scams.

I think this is one of those places where Governments have influence and banning on a big platform like Facebook aids the centralisation.
Advertising works and the less people investing in cryptocurrency, the better it is for countries economies.

That market cap you see on Coinmarketcap is the amount of fiat that is not sitting in normal peoples bank accounts in their country.

It can't be denied, but on my mind such situation won't happen in the nearest time. Facebook creators work in the other direction