Bitcoin Forum

Former JP Morgan Executive Says Banks Know Cryptocurrency Can Change The World; Costa Rica Workers Can Be Legally Paid In Cryptocurrency

According to Ethereum World News, Facebook has decided to allow a few specific cryptocurrency-related advertisements run on the platform. This is a few months after Facebook announced that they would ban all cryptocurrency-related ads. One of the cryptocurrency-related companies allowed to advertise on Facebook is Coinbase.

The CEO of Coinbase, Brian Armstrong, announced the decision in a tweet a few hours ago. He stated:

Facebook banned ads for crypto earlier this year. Proud to say we’ve now been whitelisted and are back introducing more people to an open financial system.

Will this bring a positive impact on bitcoin and bitcoin prices going forward?

I do not know why the news of Costa Rica reacted like this? This news is unimportant.


This is because Coinbase is a legal company and not just campaigns that want to steal money with false promises.
In fact, Facebook was not strict with ads for popular platforms, but only the CEO highlighted the issue.
The same thing happens with Google. You can try searching for topics related with bitcoin & will find an advertisement about that platform.

Always post the links of the main news which are quoting otherwise it can be considered as plagiarism. So I have given the links for everyone,

1. Facebook unban Coinbase ad:
https://news.bitcoin.com/facebook-unbans-cryptocurrency-ads/

2. Costa Rica Workers Can Be Legally Paid In Cryptocurrency:
https://news.bitcoin.com/costa-rican-workers-can-be-legally-paid-in-cryptocurrency/

Facebook initially banned crypto related ads because they wanted to stop the scammers who are running fake ICOs and stealing public money using the global reach of Facebook. However, businesses like Coinbase is no scam attempt. It's great that Facebook finally understands that!

I think this will have no impact on the price, if there is one thing that I realized in these last months was that the people of the crypto world are people who adapt very fast, the instant that facebook banned crypto made people psychologically prepare and no longer if they let themselves be deceived with facebook, that is to say people became aware that facebook can ban crypto and can return back to their decision, and people realized that facebook is not reliable. The crypto community love freedom, privacy and trust, if facebook or any other company breaks these 3 things I said, this company loses credibility to the crypto community and facebook has already shown that they are not trustworthy

Coinbase advertisement is possible because this is a legal company, but with this action there is nothing change in price of bitcoin and other cryptocurrencies,Facebook did this because many fake and scam Advertising is posting everywhere by peoples and same thing is happening with google when we search some info about crypto then we get only advertisement of fake projects.

Thats a great initiative by Facebook. By the way facebook planned to ban Crypto based ads because of scam and garbage projects. They didn't want to show harmful ads.

Coinbase is a legal and popular company thats why facebook is accepting their ads. I think facebook is not complete wrong about banning ads about crypto world.

the final decision is facebook support for receiving crypto ads. facebok only makes filtering to avoid crypto that has a character scam, ponzi, and can harm the public, especially investors.

I think the bitcoin in the future will be more easily controlled and monitored

yes, maybe this news will have an impact on bitcoin in the future and affect bitcoin prices to rise as many people are buying bitcoins,
and the limited supply of bitcoin is only 21 million and if it is shared to everyone in this world one bitcoin per person will not be enough, and really the price of one bitcoin will be very expensive.

A lot of companies / startups that weren't legit was using Facebook to promote their product. This misled some people and Facebook decided to take down all crypto related ads.

I think this is a good step because Coinbase is a legit company that provides value. Hopefully Facebook will allow more companies in this space to advertise as long as they are legal / provide an actual service.

i'd say this is some really good news not for bitcoin alone, but for the entire economy of cryptocurrency.

As we all know that social media giants, such as facebook, could greatly influence the masses in a global scale.  A ban instantly translates to FUD for many.  It is a very worrisome association with cryptocurrency.

When the design of cryptocurrency was to be decentralized, it is with great fear when a powerful entity bans it (though facebook's intention was to cut down scammers that went hay wire crazy last year as bitcoin reached ATH).

So hearing of the news that coinbase got whitelisted is really a relief.

it's a very nice thing and the news awaited by many people, and I strongly believe that Facebook allows advertising of crypto it will be able to influence the rise of bitcoin price and also other coin.

Of course yes, but only a little bit of impact. Every single event or policy always give impact to. Bitcoin.



I agree with you that Facebook will not trustworthy if they break 3 things that you mention above. But you can't conclude that Facebook break the 3 things if the ban crypto.

No! Facebook didn't ban crypto. Facebookonly ban new crypto campaign that have a chance stealing people's money: ICO or ITO Campaign. That my opinion

Allowing coinbase being advertised again would attract new investors and the impact will be positive for Bitcoin/crypto lovers, it means new players to invest another sets of new traders that have it's own principle and desired, but it's too early since there's a lots of debate regarding to crypto existence we need to allow people to learned and understand this type of investment system.

the only people who were really awaiting this were the ICO scammers who needed the platforms like Facebook for their advertisement so that they could impact a larger number of people and be able to influence more of them and as a result raise a lot more free money for doing nothing.
otherwise regular users don't care where these things are being advertised or not advertised!

Yes, I think we need A team that identify ICO & Scam Projects. So, Facebook can keep Clean and Clear ICO Project Ads on his platform.

Some of my Facebook friends was unfollow me when  I shared ICO campaign. That show us many tReguler user don't care about Crypto Campaign.

It's supposed to reopen a good future, Coinbase is a well-known and big platfrom so it's no wonder getting approval from Facebook to do advertising in the next few times, to me this is a gap for some other well-known cryptocurrency platforms to follow like Coinbase, promote more marketing comprehensive and adds a relationship with Facebook that is considered the greatest social media.
For the price issue I think it will not be good in the near future, it can be said not too strong to face some uncomfortable news this end, in the future there are still many opportunities to build relationships with big people, big platfrom and give a very big effect, I sure that.

I think banning crypto currency ads is not strictly implemented by the facebook developement team. Maybe there is a huge percentage of crypto ads who is willingly to pay facebook just to advertise their ICO and crypto platforms on facebook.

what does these two have anything to do with the topic you started? are you trying to pile on with what you think is good news? because they mean nothing really.

aka another click bait useless news site trying to attract traffic to make money.

not really. mainly because these ads are mainly used to advertise shitty ICOs and/or scams. and when a legit company like coinbase advertises there, they are not increasing bitcoin adoption. they will only get people who already know about bitcoin. and they are not advertising bitcoin but their own service to already bitcoin users.

the beginning of the banning of crypto ads had a substantial impac for the development of crypto at that time because it is undeniable that facebook is an effective means for advertising and promotion of crypto that should not need to be stopped completely but facebook can provide specific rules or regulations for crypto ads so it will filter where crypto is real and scam, this way the user facebook holder crypto does not need negative judgment to facebook

Facebook is very open to encryption recently. We have reason to believe that a new social media support encryption world will come soon.

This is a money grab,and a money grab only. Yes it may bring some more customers to Coinbase, and other exchanges who are advertising on Facebook. But these people -- in my view -- were going to find Bitcoin at some point anyway. As the only way these people are being targeted on Facebook is related to their interests, so this is going to be people who were most likely going to find out about Bitcoin at some point. I also think that this may have an effect on the Bitcoin price -- but it won't change anything relating to adoption (which is what we should really be focusing on, as price means nothing if no one is going to accept bitcoin)

The ban on Crypto currency ads was more targeted at the ICO scams. These ICOs was not legitimate companies, so they had

to implement a blanket ban to stop it. I think they reviewed their decision and decided that they would allow businesses that

are "legit" and well known in the community. If something goes wrong, Facebook can take legal action against legitimate

businesses, but not against "face-less" scammers.  >:(

I think it’s definitely a good news. Many people still haven’t any concept about crypto world . And now-a-days facebook is a well known social media. So facebook will help to give some knowledge to newbie about cryptocurrency by advertisement.

Thats right. Facebook only bans ico and not the overall crypto companies , that is the reason that we can still see some crypto related ads especially wallet service providers such as coinbase  but the ico banning issue do still have a huge effect to the crypto economy because facebook is one of the largest platform which means many people can possibly invest on these crypto related projects and that can also help for the price to increase more .

If you look at the past months, it is easy to understand but there will be no impact on price. People have enough faith in the crypto market. Crypto is not a Facebook promotional market. It is here that people have been decentralized thinking of their own trust and security. And with the use of advanced technology blockchain technology.

From my point of view Coinbase advertisement is possible because this is a legal company, but with this action there is not anything change in price of bitcoin and other cryptocurrencies. Social media did this because many fake and scam Advertising is posting all over by peoples and same thing is happening with google when we search some info about crypto then we get only advertisement of fake projects.

This is good news for cryptocurrency. Because facebook has a bearing effect on advertising cryptocurrenshy. this will have an impact on the bitcoin price increase.

Facebook and Google used to ban crypto advertisements on their platform but i had seen it since last month. I think the reason is cryptocurrency isn't legal in all countries.
This is a good signal, it will promote the growing of new ico, currency and make cryptocurrency become more popular.

I also heard this. In my opinion, this proves that in the world all methods of combating the crypto currency are exhausted and it gradually penetrates into all branches. I think it is good

From my perspective i think these types of advertisement will not any impact on this cryptocurrency prices. But it’s true there are so many fake advertising are occurring .For protecting these types of scam advertisement facebooks start to doing coin base advertisement.

I think that Facebook has put the advertising on cryptocurrency does not solve the user's recruitment. Users only read the information on the newsfeed, because many people have long no interest in advertising on Facebook.

I don't know with absolute certainty that it'll bring change for bitcoins prices one thing for sure Facebook is going to be making money, now everyone is going to be madly advertising there and Facebook gets rich I like this ploy by them it's a new age click bait and guess they succeeded. I'm not aware of Costa Rica but the title speaks one thing and half of your post other.

If Facebook does get into cryptocurrency, it will definitely have a big impact inside and outside the cryptocurrency community. With over 2 billion users scattered around the world, Facebook cryptocurrency is bound to influence the adoption of cryptocurrency worldwide. But this is unlikely to happen soon. Understanding cryptocurrency simply means understanding cryptocurrency. With regulatory uncertainty and current market turmoil, Facebook like the Nasdaq may wait until markets mature and regulatory standards are better defined before going into cryptos.

I think this is the good news for the client in UK. As they also follow the the blockchain technology maybe it will be beneficial for their client but I am confused maybe it will be a threat for crypto market.

Facebook banned the add i think this was because for scammed add. Now facebook restore coinbase and that's the good news. But it doesnt really put impact on the price of crypto market.

In my opinion, facebook returns coin ads on its platform may have a purpose of cooperation between facebook management with existing coin products.

For past months facebook literally hates crypto as well ICO because some links are not allowed to be posted, if posted then deleted due to spam on their platform and it makes harder to advertise the ico programs especially for promoters. Hopefully this news will be a start of good relationship with ico projects and facebook in order to give way to crypto for at least boom the price and market.

If this is true that is great news. The advertisement on crypto market are increasing broadly. More people can know about crypto market.

I have nothing against advertisements but over the past few months it has become too much. every video or every scroll there is a different commercial , advertisement and people have been very disappointed that this has been only progressing and the number of commercials is only growing. something needs to change

maybe at the time of the ban, facebook tried to stop the existing scams. coinbase is not a fraud up on facebook. the number of fake ICO cases that take personal advantage of one of the reasons facebook prohibits

Yes I think so, there's a positive effect of advertising crypto in social media especially facebook. Facebook have a million of users which can help crypto to be known. It's an advantage that this crypto was allowed. Because of this news I think more crypto will also try to approach FB to advertise.

Such a great news indeed, this can be considered a milestone to cryptocurrency development and implementation worldwide. This may bring back again confidence to the crypto investors. As we all know, social media/news is one of the main factor affecting crypto market.

Crypto-related ads were banned in Facebook. I think they wanted to stop fraud or Fake ICO who used to steal money using Facebook.I believeCoinbase has no scam efforts. I hope this might bring a positive influence on Bitcoin prices.

That is good news for the market at the moment, hope the market will flourish

Well, it is a good news for us, crypto lovers. There will be a bigger chances of growing. The more the population un crypto world, the higher the chance of price increase.

I don't think because of just Facebook restores coinbase advertisements on the platform, the prices will go up again easily like that? ???.
but still congratulations a good news.

About the quotation regarding Costa Rica BTC payment for workers, how legitimate is the information? And facebook restoring thecoinbase adds is much of a positive news to me. Facebook is the largest social network covering most of the countries of the world. By facebook adds many of the people will come to know about BTC for the first time and will be unterested in Crypto-space as it is very freedom. That impression will make crptospace more diversive and widespread, I assume.

It is awesome and we need to support that with all that we have, reading and knowledge about positiveness of cryptocurrency is a key to have a general and overall success of it. It is my opinion.

As far as I think Coinbase is a big and trusted company, Coinbase ads on Facebook will not affect Facebook users. Previously, Facebook banned the ICO because at that time there were many ICO projects is a scam

This is very good news. I probably will publish such news at myself on the website. As for facebook's Decision, this is a very correct position. Coinbase is a serious law firm that can give guarantees for its services and storage of cryptocurrencies. Therefore, there is no fraud.

Not entirely enough to affect the price in a bullish way though but good news for wide scale adoption. More publicity would instill reassurance to the public that bitcoin and other cryptocurrencies are not bad and not frowned upon.

facebook have lost over 3 millions of users in the last 3 months . they know that crypto currencies are here to stay and are looking for new ways of increasing revenue. I mean there is even rumour that Facebook are launching their own crypto currency
Blockchain enthusiasts see the technology as a way for Facebook to address and solve many of the recent problems it has faced concerning people’s privacy. The tech giant revealed last month that the personal data of up to 87 million of its users was exploited and compromised by “malicious actors.”

This is very good news. Of course this has a positive impact on bitcoin and bitcoin prices going forward.
Yes. . with news like this it will be many people who will use bitcoin and more investors to invest in bitcoin.
so I'm sure with the positive news the bitcoin price going to the moon.

I think unbanning the advertisements of coinbase will bring a positive impact in the market. Through Facebook, more people will be able to know about Bitcoin. As a result, more people will be eventually interested to invest in Bitcoin. Let's see what happens.

Good news. I'm sure Facebook also thinks that banned ads will not be useful, because many people make status or post about coinbase and especially about cryptocurrency.
Just as we closed the leak, then another leak appeared.

Coinbase is a respectable trading platform/exchange. Because they are involves in trading cryptocurrencies with bitcoin dominating, the news about Facebook restoring their ads adds some positive feelings to new investors to invest in bitcoin.

Og great happy to heard that's good news and congrat for coinbase team because they convince facebook to advertise their plaform in the site after facebook ban all cryptocurrency related ads.
I believe  facebook management and coinbase management agreement become successful, coinbase is most trusted and pioneer platform in the cryptocurrency hoping in this way help to pump the price of the cryptocurrency in the coinmarketcap.

There are many crypto related ads still showing in the facebook even they announced that they are banning all the ads from their platform,so it is no wonder that they are allowing a properly regulated crypto exchange to post their ads in their platform,maybe they changed their rules and stop only the ICO advertisements I think.

This is old news though. But then again it is a good thing for those who did not know. Having social media platforms to advertise the crypto will be a good thing for those who have the potential but are unfamiliar with it.

It's good that Facebook controls advertising and protects its users from scams, but the advertising of serious partners has always been and will be on the FB

Having this ad back running back on the social media platform is a bug deal, given millions of people are using it everyday on a regular basis. Getting exposure to this huge market will generate in a lot of investors.

People were advertising scam on Facebook which is why Facebook took a stand and banned all the crypto based ads. However, They are allowing Coinbase because it is legal and registered so there is no chance for them to post fake advertisements. However, this will have very little impact on the community, at best, the community might grow a bit.

Not all the time you can react on that. I think there is a big reason why they banned bitcoin. Since it is just a coinbase,facebook cant earn a lot from bitcoin. They cant detect the things that they want. This facebook is controlled by government a lot. And government is against btc.

Facebook took a stand against cryptocurrency ads because people were falling for scams. However, recently they allowed Coinbase as they are a legal and registered company. This incident may open the door for other legit companies to post their ads and promote their services from now on but I don't think this will have any significant impact on Bitcoin.

The possibility of Facebook preventing irresponsible people from distributing financial products and services whose credibility is questioned as happened on one of Google's video-based social media platforms, YouTube, also accepts allegations that the platform is a 'field' for those who want to mine cryptocurrency through advertisements containing malware.

This a good news for every bounty hunters who joined the fb campaign of an ico. This will really help in promoting a project because facebook has so many users.

It will bring significant profits, especially it may be good news for this market, it could bring some more customers to Coinbase and other exchanges advertising on Facebook. But these people - in my opinion - will find Bitcoin at some point.