Facebook Is Banning Ads for Bitcoin and ICOs

[supermine]

Another negativity about bitcoin,surely it is gonna make downfall in bitcoin price in the coming days.Already the bitcoin price falling under $10K and I am not sure how much it is gonna fall.But I don't know what are the reasons for banning bitcoin ads.Few days back Mark told that they are going to create a new crypto currency for facebook payments but now they are banning crypto currency ads.Everyone is afraid of bitcoin or just they want to control the growth of bitcoin.Whatever I will hold my bitcoins surely it is gonna be the future currency of this world.So investors don't panic it is maybe a another dump created by whales.

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[lucario21]

Maybe they decided to ban btc ads because there's alot of promotional ads about bitcoin that came out and some of them may lead to scam. It also difficult to regulate it due to we don't know when they started to deceit us maybe from the start they actually have a payout just to attract investors but when the time comes by that we're already been tricked.

[A Feeder]

https://www.coindesk.com/facebook-banning-advertisements-bitcoin-icos/


"Social media giant Facebook has unveiled a new policy that bans advertisements involving bitcoin and initial coin offerings, among others..."

Well we cant do anything if facebook creator "Mark Zuckerberg" has already decided to do the banning of crypto related advertisements since for him this decision will help the facebook community. Anyway, Crypto's aren't only advertised on facebook rather it can be seen on all parts of the internet nowadays due to the rapid price growth and its popularity.

[Kulafu]

https://www.coindesk.com/facebook-banning-advertisements-bitcoin-icos/


"Social media giant Facebook has unveiled a new policy that bans advertisements involving bitcoin and initial coin offerings, among others..."

Hmm! seems many giants company try to brought down the cryprocurrency. Perhaps they could not contain the popularity of the cryptocurrency. Facebook should work together hand in hand with the crypto for the benefit of all rather than taking down the cryptocurrency.

[iamwhitewave]

I also have noticed that Facebook is banning sharing of ICO links on your page. I have been complaining it and reporting that my posts are not spam. They have never reposted the link after reporting it is not spam.

I believe they are doing it business wise since they have ads and promotions (which is paid of course).  Facebook also has recently launch the “marketplace”.
Since Facebook is the most popular and widely used by people, it is a great tool to spread product thus the ICOs. The ICOs, instead of paying Facebook to advertise (although some pays for the ads), they are getting known through shares and likes.

One other thing I could think of is security. There are ICOs that appear to be scams. There are also posts that may contain malicious links or shortened links. We can’t really tell.

[Sevarchik]

I think this happened because bounty hunters part in all avialable campaigns and clog up pages.
Then other non crypto community click this activity as spam

[Kakmakr]

It is not just Bitcoin and ICO's. They have reviewed many of their business practices and they are getting a new face lift for Facebook. A friend of mine are breeding with dogs and used to advertise these dogs on Facebook, but recent changes has even stopped them from advertising animals for sale.

They are even becoming more transparent regarding the use of people's private data and what they do with that. People should just use other methods to do this. <Example : Reddit / Twitter / BackPage etc.> 

[marcuslong]

Another negativity about bitcoin,surely it is gonna make downfall in bitcoin price in the coming days.Already the bitcoin price falling under $10K and I am not sure how much it is gonna fall.But I don't know what are the reasons for banning bitcoin ads.Few days back Mark told that they are going to create a new crypto currency for facebook payments but now they are banning crypto currency ads.Everyone is afraid of bitcoin or just they want to control the growth of bitcoin.Whatever I will hold my bitcoins surely it is gonna be the future currency of this world.So investors don't panic it is maybe a another dump created by whales.

Yes. I think that this result will be affects the Bitcoin's price. But, I think that it will not happen. Facebook is getting a lot of profits by advertising and be visited its own site and advertising Bitcoin, altcoins and ICO's will help Facebook to get a lot of money. If Mark zuckerberg's profit will be affected on it, Well He does not wanted to implement this rules on his own site because He is also a Bitcoin supporter and an earner.

[busua]

Facebook will work to understand which ads are deceptive or misleading, and gradually promote the policy. Facebook, including its other platforms, including Instagram, will not allow ads like "buy bitcoins with your retirement fund!"

[ommochain]

Facebook said: "We hope that Facebook's ads allow people to discover and understand our latest products and services without having to worry about the risk of fraud or fraud." In many cases, companies and individuals through the ICO to raise funds is very non-standard, not safe. Regulators recently started taking drastic measures. This week the U.S. Securities and Exchange Commission (SEC) said it received a court order to freeze an ICO transaction on AriseBank, the world's first cryptocurrency bank.

[Malam90]

I have also read the post from coindesk. If ICO promotion is banned, how social media bounty hunters will promote in facebook? This news shocked me also.

[alyssa85]

I think this happened because bounty hunters part in all avialable campaigns and clog up pages.
Then other non crypto community click this activity as spam

This. When people over do things, it spoils it for others.

It's a bit like webpages in the 1990's with their blinking ads in your face everywhere - they prompted the rise of ad-blockers.

[soyboy1]

Does this ban include advertising blockchain Dapps (not ICOs)?

[shadowdio]

it is good to advertise in facebook almost all over the world registered in facebook, but these advertising ICO's, HYIP bitcoins and cryptocurrencies are flooding because we don't know which is legit and some of them are scam especially the HYIP bitcons, I think they want to clean up their social media to prevent scamming innocent people.

[BitNaija]

Another negativity about bitcoin,surely it is gonna make downfall in bitcoin price in the coming days.Already the bitcoin price falling under $10K and I am not sure how much it is gonna fall.But I don't know what are the reasons for banning bitcoin ads.Few days back Mark told that they are going to create a new crypto currency for facebook payments but now they are banning crypto currency ads.Everyone is afraid of bitcoin or just they want to control the growth of bitcoin.Whatever I will hold my bitcoins surely it is gonna be the future currency of this world.So investors don't panic it is maybe a another dump created by whales.

This thought came to me also as I woke up to this news. The thought that struck me was 'gang up' against cryptocurrency? Just last week, Facebook was considering an ICO or something. Now he is banning ads of bitcoin, ICO, and cryptocurrency. But what must have made him make this U turn?

[drwhobox]

Then what is the use of social media for them? If they are going to ban advertising ICOs? I know most of the advertisment in facebook are promising ICOs that can give you big return but why are they even banning this? I think this is a big mistake to their platform really really bad. There must be a inspection before having a ads to their page.

[layoutph]

The awareness from ICO scams has reached the FB admins. I wish Twitter might consider filtering their ads too, and most specially Google search engine. They must hire a group of people with a expertise in crypto, trading site and security. This would minimize the number of hacks created from fake sites.

https://www.coindesk.com/facebook-banning-advertisements-bitcoin-icos/


"Social media giant Facebook has unveiled a new policy that bans advertisements involving bitcoin and initial coin offerings, among others..."

[gabmen]

https://www.coindesk.com/facebook-banning-advertisements-bitcoin-icos/


"Social media giant Facebook has unveiled a new policy that bans advertisements involving bitcoin and initial coin offerings, among others..."

At the onset it looks gloomy for btc's future but if you think about it, facebook has been a medium for a lot of scams and people who wants to take advantage of others. Fb ads aren't really that much of a help in making btc grow. People who wants to invest in crypto needs to look beyond facebook and do their research

[Lasvista]

https://www.coindesk.com/facebook-banning-advertisements-bitcoin-icos/


"Social media giant Facebook has unveiled a new policy that bans advertisements involving bitcoin and initial coin offerings, among others..."

Is this legit though ? Cause as you can see many advertisment on the internet all about the bitcoin and ICO's investment. So why? And my opinion I approve though cause some are just using it for scam , so looking forward and hoping thats all.

[00DKM@]

wow .. this is one thing that hinders the communication of the altcoin in the market. Take away a lucrative market like facebook. But also reduce the number of fraudsters posted spam, scams, users are not satisfied. I think facebook does not allow ads for cryptocurrency to benefit bitcoin users. I believe the bitcoin price will not decrease due to this decision of facebook. There are many channels of communication to promote cryptocurrency.