Facebook and Instagram have banned advertising Bitcoin and ICO

[shaman11]

The company Facebook has updated the rules for placing materials, now it is forbidden to advertise crypto-currencies and ICO on the expanses of the service. This prohibition applies to Instagram as well.

The official message of the company says that now no advertiser, including even legal companies, will be able to advertise Bitcoins and other crypto-currencies, as well as offers to purchase tokens within ICO or binary options.

All of the above Facebook calls financial products and services that mislead users. Facebook specialists gave examples of such advertising:

"Start trading binary options right now and get a 10-year trade guarantee without risk."
"Click here to learn more about the risk-free crypto currency, which allows you to make instant transfers around the world."
"The new ICO! Buy tokens at a 15% discount right now! "
"Use your retirement savings to invest in Bitcoin."
In the message of the director of product management in Facebook, Rob Leuven said about the reason for imposing a ban on such advertising: "We want users to be able to learn about new products and services from advertising on Facebook, without fear of fraud or deception. Nevertheless, there are many unscrupulous companies advertising binary options, ICO and crypto-currencies. "

[CryptoBaxing]

Nothing will happen

[straimrpl777]

Thanks for the information, as I understand it and profiles where will be on the headline of the crypto currency will be blocked?

[Alex_marik]

facebook as it is difficult with him, I send a copy of my passport every week to confirm my account.

[shaman11]

Thanks for the information, as I understand it and profiles where will be on the headline of the crypto currency will be blocked?

You will blocked if posts will be posted in this way:
"Start trading binary options right now and get a 10-year trade guarantee without risk."
"Click here to learn more about the risk-free crypto currency, which allows you to make instant transfers around the world."
"The new ICO! Buy tokens at a 15% discount right now! "

[shaman11]

facebook as it is difficult with him, I send a copy of my passport every week to confirm my account.

Yes, the same i was send 2 times my passport copy in this month!

[Irriversible]

Facebook is getting more scarier each month. They are getting really political in their actions. Giving a platform to, and sponsering religions, no I don't like that being an atheist.
Okay more ontopic>>Ofcourse, you can monitor some ICO advertising, but don't forget that people should take their responsibilities and read the ICO's carefully!
This kind of news generally hurts the Crypto world, which is sad because Crypto gives us so many oppertunities. Anyway the Facebook Crypto-groups are still growing, so the momentum is still there.

[worldooftanks]

And like Facebook wanted to release their cryptocurrency,but probably after the first to announce the establishment of their own,Zuckerberg desire diminished and he decided this way to Express his contentment.

[sehoon]

I still haven't checked or think of what are the major disadvantages of this move but I can only see that it could affect Facebook campaigns. But I don't think that it will affect the coins prices. Nothing really detrimental could occur I think.

[hh4mmm]

there are so many other platform to advertised cryptocurrencies, if facebook banned advertising bitcoin and ICO's, including instalgram well i think it will  not affect the price of bitcoin and other altcoins.

[TheBeardedBaby]

This does not mean that you as a person cannot write posts about ICOs or Bitcoins. The only meaning here is that the annoying crypto ads popping up here and there in the advertisement arias will be replaced with other type of bull# like a "Meet singles in your area" or "Tired of waxing?" etc.
This will not have big impact in the cryptoworld, at least from my perspective.

[dauwaz]

This is unreasonable, Facebook has violated the privacy of each individual, Each person has the right to post their favorite. I think Facebook does that to get a lot of attention because maybe this year Facebook will release a separate ICO named Facebook

[smartsan]

I think so not yet,
lets hope not to be banned.

[fallensky7]

At the price of crypto currency it will not exactly affect, I think it's bad for Facebook itself. What else do you do on Facebook, if not ICO advertise ...)

[Zocadas]

It doesn't sound like a general ban of advertising cryptocurrencies and ICO. The sentences mentioned by Facebook are typical ads to lead users to fraud services and losing money. It is a good step to prevent facebook users to trap into cheating services. Anyway, many thanks for sharing.

[mihalich]

The company Facebook has updated the rules for placing materials, now it is forbidden to advertise crypto-currencies and ICO on the expanses of the service. This prohibition applies to Instagram as well.

The official message of the company says that now no advertiser, including even legal companies, will be able to advertise Bitcoins and other crypto-currencies, as well as offers to purchase tokens within ICO or binary options.

All of the above Facebook calls financial products and services that mislead users. Facebook specialists gave examples of such advertising:

"Start trading binary options right now and get a 10-year trade guarantee without risk."
"Click here to learn more about the risk-free crypto currency, which allows you to make instant transfers around the world."
"The new ICO! Buy tokens at a 15% discount right now! "
"Use your retirement savings to invest in Bitcoin."
In the message of the director of product management in Facebook, Rob Leuven said about the reason for imposing a ban on such advertising: "We want users to be able to learn about new products and services from advertising on Facebook, without fear of fraud or deception. Nevertheless, there are many unscrupulous companies advertising binary options, ICO and crypto-currencies. "

They should also ban any bank ads too. Remember 2008 they biggest theft in history, trillions of dollar gone dozens of millions of people kicked to poverty... It was made by banks not crypto currencies...

[yunusseymen16]

I think it is unreal. Some people working for dump bitcoin. So they wanna decrease marketcap and will buy bitcoin cheaper than now.
It's only about it.

[passwordnow]

And like Facebook wanted to release their cryptocurrency,but probably after the first to announce the establishment of their own,Zuckerberg desire diminished and he decided this way to Express his contentment.

This is also what's on my mind but there's no way if its only his decision to ban all advertisement of cryptocurrencies. He will make tons of money for letting those crap ICO's advertise to his network but he's smart enough that he had to remove those advertisement that are only getting that much attention in his social media networks. Anyone know on when it will be implemented? I opened my facebook acccount and there are still some ICO paid ads that are popping to my news feed.

[kodtycoon]

I saw the news yesterday that facebook prohibits advertising cryptocurrency and ICO, ads make profits for them but I dont know for sure if the direct CEO who says then and I will believe. So far I still not trust the news well may just be an issue that can make stock prices to rise.

[jundel]

For me, facebook just avoid phrases with so promising words so people will be deceived that in reality though possible is so least to happen. That make it some kind of misleading and fraud. However, such banning is not good to me.