Facebook is banning all ads that promote cryptocurrencies

[Nich01as]

Facebook is banning all ads that promote cryptocurrencies, including bitcoin, in an effort to prevent people from advertising what the company is calling “financial products and services frequently associated with misleading or deceptive promotional practices.”

That means no advertiser — even those that operate legal, legitimate businesses — will be able to promote things like bitcoin and other cryptocurrencies, initial coin offerings — ICOs for short — or binary options, according to a Facebook blog post.

https://www.recode.net/2018/1/30/16950926/facebook-mark-zuckerberg-bans-crypto-advertising-bitcoin-james-altucher

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[Risna99]

The possibility that such ads are forbidden by facebook may fear that later will be on the block and the negative impact to the media, so it is for me just a suggestion or news which has not been certainly apply by Facebook.

[jomz312]

This policy is intentionally broad while we work to better detect deceptive and misleading advertising practices, and enforcement will begin to ramp up across our platforms.
Facebook has issued an outright ban. As of a new ruling issued on January 30, “ads must not promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, or cryptocurrency”.

29. Prohibited Financial Products and Services
Policy
Ads must not promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, or cryptocurrency.

Examples:

“Start binary options trading now and receive a 10-risk free trades bonus!”
“Click here to learn more about our no-risk cryptocurrency that enables instant payments to anyone in the world.”
“New ICO! Buy tokens at a 15% discount NOW!”
“Use your retirement funds to buy Bitcoin!”


https://web.facebook.com/policies/ads/prohibited_content/prohibited_financial_products_and_services

[99th]

This policy is intentionally broad while we work to better detect deceptive and misleading advertising practices, and enforcement will begin to ramp up across our platforms.
Facebook has issued an outright ban. As of a new ruling issued on January 30, “ads must not promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, or cryptocurrency”.

29. Prohibited Financial Products and Services
Policy
Ads must not promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, or cryptocurrency. Please click here to learn more.
Examples
“Start binary options trading now and receive a 10-risk free trades bonus!”
“Click here to learn more about our no-risk cryptocurrency that enables instant payments to anyone in the world.”
“New ICO! Buy tokens at a 15% discount NOW!”
“Use your retirement funds to buy Bitcoin!”


https://web.facebook.com/policies/ads/prohibited_content/prohibited_financial_products_and_services

Content however can still be posted and promoted...just not in the form of an ad. Facebook bounties should not be effected very much by this so it should not be a huge issue for people on this forum. Plus, many people were being scammed by shitcoins and therefore the ban needed to be implemented to save crypto from getting an even worse rep than it currently has.

[Rabbai89]

I don't think that this is much to worry about. It will all settle and besides there will always be ways around this stuff. Facebook just doesn't want to promote scams. Which is understandable! I'm more concerned about the audit situation with tether.

[royale143]

Facebook is banning all ads that promote cryptocurrencies, including bitcoin, in an effort to prevent people from advertising what the company is calling “financial products and services frequently associated with misleading or deceptive promotional practices.”

That means no advertiser — even those that operate legal, legitimate businesses — will be able to promote things like bitcoin and other cryptocurrencies, initial coin offerings — ICOs for short — or binary options, according to a Facebook blog post.

https://www.recode.net/2018/1/30/16950926/facebook-mark-zuckerberg-bans-crypto-advertising-bitcoin-james-altucher

If that is really the case, then it may have such a profoubnd and negative effect on the cryptocurrency market, most especially, in the ICO market where one of the campaigns is promotion through social media. However, I do not exactly think thay facebook is aiming to ban such activities; I think that they are just limiting unwanted and trash contents filling their system, after all, the promotions brought about by the ICOs are still traffic they can exploit.

[crypto_Butterfly]

A big step against crypto currencies again, Wonder what caused them to take this extreme step, before this they were implementing accepting litecoins as a payment system.

[lolanivia105]

if this is forbidden there must be parties who feel harmed but we do not know how to the depanya maybe so we also do not too beroatok against one media

[AiwaDima]

In my opinion, this is due to the fact that a lot of ICOs that people advertised were fraud and people complained, so now they will filter out the advertising of various projects

[ovcijisir]

In my opinion, this is due to the fact that a lot of ICOs that people advertised were fraud and people complained, so now they will filter out the advertising of various projects

I think that too, same as Chinese government banned ICO's to protect its citizens. I don't think there is any bad intention.

[handy_hotdog]

I didn't see this coming because Facebook never usually turns down a quick bit of cash on a fad. Honestly it won't impact too much because you can just create good content to be shared by bounty campaigns or shared in groups.

Just really shooting themselves in the foot and losing some revenue. Personally I just think it is a marketing campaign to seem more moral after the whole Russia election scandal.

Seems Facebook is deciding to grow a moral backbone all of a sudden...

[cryptospear]

Facebook is banning all ads that promote cryptocurrencies, including bitcoin, in an effort to prevent people from advertising what the company is calling “financial products and services frequently associated with misleading or deceptive promotional practices.”

That means no advertiser — even those that operate legal, legitimate businesses — will be able to promote things like bitcoin and other cryptocurrencies, initial coin offerings — ICOs for short — or binary options, according to a Facebook blog post.

https://www.recode.net/2018/1/30/16950926/facebook-mark-zuckerberg-bans-crypto-advertising-bitcoin-james-altucher

Facebook is just complying to what the SEC is doing,mark zuckerberg really intended to have his own cryptocurrency but U.S government might be holding his kneck right now thats why he did this,facebook is a user friendly socialmedia platform when you read their TOS they do not promote pornography ,graphic violence,and including fraudulent acitivities like investment scams-which ICOs are qualified to because most of the ICOs nowaways are just raising funds then will eventually ran away.Facebook is just being protective to its users and there is nothing new about this ban,i have been using facebook from the past 11 years thats why i know how facebook works,they are regularly making changes in almost everything.

[mustofha91]

very unconvincing because I see facebook itself has long been employed in terms of crypto problems and it is in my opinion reasonable to bid.

[cryptohunter]

who gives a shit what facebook does and does not do.

the average person on face book that has not heard of bitcoin and has not already looked into crypto is probably worth about zero in investment terms

facebook is demonstrating what a pile of centralised shit it is and soon to be overtaken and demolished by decentralised social networks

not to mention this news has been the seed for 50x of this same thread since yesterday

[Jarx]

... and soon to be overtaken and demolished by decentralised social networks ...

What exact social networks do you mean? What the point in "decentralized" social network in compare to centralized one?
I don't think the Facebook going to be overtaken by anybody in nearest future.

[thesmallgod]

Facebook is banning all ads that promote cryptocurrencies, including bitcoin, in an effort to prevent people from advertising what the company is calling “financial products and services frequently associated with misleading or deceptive promotional practices.”

That means no advertiser — even those that operate legal, legitimate businesses — will be able to promote things like bitcoin and other cryptocurrencies, initial coin offerings — ICOs for short — or binary options, according to a Facebook blog post.

https://www.recode.net/2018/1/30/16950926/facebook-mark-zuckerberg-bans-crypto-advertising-bitcoin-james-altucher

this might be true. all my share from medium was forbidden. I think facebook doesn't allow medium post again too. this is bad.

[BenOnceAgain]

This is a side effect of poor/scam/fraud ICO/ITOs.

It needs to be remedied -- this is the single biggest thing I hear when I talk to people who follow the crypto market from "the other side" (investment banking community).

And I have to agree with them, there's too much low-quality stuff out there.

We will fix this problem, though.

Best regards,
Ben

[amitkumratra]

Ya, Facebook banned fake ICOs who are running there promotion campaign on social media platform. They say if the contents of ICO are against our rules & regulations and could be spam then we banned them immediately. But those ICOs who follow our rules and have genuineness, then there is no problem. I think this is a good step to save peoples by fraud.

[Tony116]

I already mentioned that i don't agree with that this new policy about ICO adverts, but there is a big plus in this decision for another platforms for ICO promo including our favorite - bitcointalk.org

[monalia]

In my opinion, this is due to the fact that a lot of ICOs that people advertised were fraud and people complained, so now they will filter out the advertising of various projects

This is not filtered in all the shit ICOs because many good ICOs also available in the market so both are affected in same time it is little sad news in many investors. I am also worried about the cryptocurrency advertisement banned in Facebook  because it is easy to gain some knowledge in upcoming coins.