Facebook ban ads for cryptocurrencies and ICO'S, what will be the effect?

[CryptoBeefy]

I dont think it will have much impact. Facebook ads are quite good at being on trend for you though so I feel for the genuine ads that cant promote anymore due to the scammers!

[yoseph]

First of all, it is a good decision for facebook to ban the advertising of the ICO, since many ICO projects are a fraud project, so if they are allowed to advertise, they may face legal problems.
But that is bad news for the entire cryptocurrency market, where new information is not available through facebook and a lack of access to the market.

I believe that Facebook fears legal backlash from people should most of they ICO's that they advertise be scam projects in the first place and with the help from facebook they might be actually defrauding a lot of people.

[Anti-Cen]

oh dear this is very bad news indeed since most of the fake-book spammers come from this site and now they
will be talking even more FUD here just to earn money from the adverts in their footers.

Yes we all know what I am talking about don't we boys

[codpku]

Very much effect, because all the rules in facebook bounty campaign need to share all the ICO facebook activity, so it will more hard for bounty hunter after the merit system, now facebook banned all spammer
As a bounty hunter we have to read the bounty campaign rules so our facebook account still save not get banned from facebook

[DySWv]

I read this interesting articles and thinking what will the effect of this in the bounties that needed some social media campaign. This is part of the article "Facebook announced a ban on advertisements for "binary options, initial coin offerings and cryptocurrency." The blanket decision is part of the social media giant's efforts to prohibit ads for financial products and services "that are frequently associated with misleading or deceptive promotional practices."
If you want to read the whole story, just check this out. And tell your insights

https://www.cnbc.com/2018/01/30/facebook-ban-on-bitcoin-ads-latest-in-very-bad-day-for-cryptocurrencies.html

I think the effect would be Initial Coin Offerings and cryptocurrencies’ popularity will decrease. Social media especially Facebook has a great influence on the popularity of ICOs and cryptocurrencies because most of the people have a Facebook account. The number of people that would be informed about their existence at the first time will be lessen.

[Puroc]

Facebook helps a lot of people to spread information around the global, stories of someone who become heroes because of the righteous things they have done, and very good opportunity that you want also to share, but sad to say it is also used to spread lies and fake news, some scams are also place there.
If the owner blocks advertisement of ICOs and Cryptos then there is a percentage of blockage on distribution of information about bitcoin and related matter to individuals that maybe possible for prospect, like investors and buyers. Hoping for it not to happen…
In the other hand, I was thinking it was just an article on Facebook or on the internet? Maybe it’s a fake? I was waiting for any channel on TV that they will say on public….

[adiksau0414]

This event might be a hindrance for those doing social media campaign especially in bitcoin. The possibility that this bounties will remove that and for those who only use bitcoin as their means to advertise cryptocurrencies will lessen their work. I dont know whats the big issue why facebook will this ads, maybe they were afraid that their name might be used in doing some sort of scam and they want to stop this as early as they can. The better thing if this will happen, bounty hunter should use other option than facebook.

[andrei214]

I read this interesting articles and thinking what will the effect of this in the bounties that needed some social media campaign. This is part of the article "Facebook announced a ban on advertisements for "binary options, initial coin offerings and cryptocurrency." The blanket decision is part of the social media giant's efforts to prohibit ads for financial products and services "that are frequently associated with misleading or deceptive promotional practices."
If you want to read the whole story, just check this out. And tell your insights

https://www.cnbc.com/2018/01/30/facebook-ban-on-bitcoin-ads-latest-in-very-bad-day-for-cryptocurrencies.html

It will be really bad.Because using media sites for advertising bitcoins is one of the most effective way to designate informations about it.But once it was cut, the informations about it will be limited and the chance of getting more investors will be impossible.

[angjosh]

This seems to be bad news for the companies that specialise in promoting ICOs and those launching in the near future.

There is still steemit, reddit, twitter, bitcointalk and others might pop up to take advantage of the current gap created by facebook