Cryptocurrency or ICO Ban in Facebook?

[xandriel]

that's because too many scam ICO. so they will need control it before put an ad on facebook to protect their customer and our investor

[1714898422]

1714898422

[1714898422]

1714898422

[1714898422]

1714898422

[1714898422]

1714898422

[dogandogru]

Some of the Facebook officials have issued an informal statement, saying that They will scale down ICO and crypto-related advertisement on their platform as many of these ICO's are scams and their users had suffered a heavy loss because of it.
It does not mean that one can't create a page for its ICO popularity or users can't share a crypto related post. It is just FB will reduce their revenue from crypto related advertisement.

[davillelighting]

I don't think facebook will ban cryptocurrency generally. But it has already banned paid advertising related to cryptocurrency. It may ban pages of cryptocurrency in future. It's highly unlikely though.

[bitcoincashback]

I can confirm, binaries + cryptocurrency + ICO are banned from advertising on FB. However, your crypto page on FB will not get deleted. I just contacted them directly to get the confirmation for our FB business account.

[RedzoneASE]

What happen if  ICO or Cryptocurrency banned in facebook or other social media? Do you think it will happen?

I don't think that this will happen. For now many ICO do pay to have their project advertised on facebook.  If banning could really happen it could be a big loss for both sides.  In my point of view facebook will be the one to find ways to filter those illegible projects that resulted to scams and fail investment. It could be a big matter to be decided by facebook founders and for large investor of crypt.

[FrueGreads]

What happen if  ICO or Cryptocurrency banned in facebook or other social media? Do you think it will happen?

What do you mean when you say "crypto banned in facebook"? They already banned adds, and they can't ban anything else since they never accepted crypto in the first place. Also, they seem to like crypto because they are considering getting into the market apparently. If you mean banning talks about crypto, then that is not possible of course, because it would be censoring content without a reason.

[BettingTips]

What happen if  ICO or Cryptocurrency banned in facebook or other social media? Do you think it will happen?

First, you should know the information when making such a conclusion. Facebook now prohibits placing ads related to cryptos, ICOs on their social networks, discussing cryptocurrencies and the ICO is still allowed, and Facebook can not ban it. The reason Facebook forbids it is that Lending models, as well as Ponzi, use Facebook to trick people who do not have knowledge about cryptos to invest, most mainstream ICOs do not use Facebook ads that create bounty campaigns to promote.

[doedz]

Social media has an important role in spreading information about crypto, people familiar with ICO and technology from social media.
It begins with curiosity, what is blockchain?
and I feel that, social media is indispensable.
If social media prohibits me believe there are still many ways to pass information about other media.

[mickeybuddy27]

I don't think facebook will ban cryptocurrency generally. But it has already banned paid advertising related to cryptocurrency. It may ban pages of cryptocurrency in future. It's highly unlikely though.

Advertising ICO on Facebook is already ban due to the many scams happened. People use Facebook to trick others and make them invest on their ICO. Due to have little knowledge about crypto, they might pursue the offer for them since they are new to this environment. Banning Facebook is not only for the safety of the investors but also for the ICO itself.

[@Mhaiang]

What is the reason if ever ICO and crypto currency will be banned? I think this will not happened. It is very impossible that this thing will be cut off in facebook.

[earl07]

What happen if  ICO or Cryptocurrency banned in facebook or other social media? Do you think it will happen?

Which is already happened on facebook,i think they already blocks everything like advertising an ICO or anything related to it.If other would also ban cryptocurrency then IMO it would severely affect them.Social media is one of the good vessel for promoting and spreading facts about crypto currencies as it is the major platform that used by millions of people nationwide.However i don't think this will happen,maybe in some social media but not all of them and besides there are still other sites where crypto currencies are being tackled e.g. this forum.

[Pleione527]

What happen if  ICO or Cryptocurrency banned in facebook or other social media? Do you think it will happen?

Facebook as well as other social media sites helps an ICO and cryptos to be popular thru different advertisement and if they will prohibit this popularity might be impaired and might result for rmtge demand to drop. This can actually makes cryptos value to dump, but as I check a while ago facebook did not ban ICO already because I've just saw the advertisement of graft.

[shi07]

I think this act of Facebook management have brought negative impression to crypto users, this also had affect the price drop of bitcoin. But as what I've read Facebook bans only the btc ads but the fan page related to btc are still active and can be accessed.

[Siopao]

It's true that facebook have  decided to put an end to btc ads that are misleading to people because they don't want their site to be a platform for scammers to profit. This happening might be one of the cause that bring the crypto hype to slow down and drop prices, however btc groups /fanpage are still active.

[sharetodream]

I don't think it will happen but in any case Facebook importance is on the decline anyway. Too regulated and controlled and not for the greater good of the members of which without them sees it ceasing to rake in the billions a year it currently does... all whist sharing none of this revenue with it's members for the content we create.
I am all for a crackdown on the crypto scams, fake profiles and straight out ponzi ICO's but the minute Facebook tries to silence it's ever growing crypto community, is the day it begins to have less importance to them. And we're seeing this already the case as millions of people have seen and take part daily in a better social community without the bs and all the limitations imposed by Mark Z. Also a Social Network with it's own Cryptocurrency Coin existing and operating right now which is very exciting especially as it addresses the 3rd and most important aspect of cryptocurrency that 1,400 other coins/tokens do not currently offer and that's including Bitcoin.
I guess we'll all watch this space as to what Facebook's next move will be but I know where I'm planning on spending more of my time, budget and promotion, fun and activity on, that is for sure!

[tokexchain]

Many of the big providers including Facebook, Google / YouTube are now banning adverts for ICOs, due to the many scams around, in the past and now. This is not entirely great news for legitimate operators of these social media channels, although in a way a blanket blocking is harsh but does prevent future losses. I have heard that in time some reputable providers will be allowed to advertise once again.

[zanezane]

that's because too many scam ICO. so they will need control it before put an ad on facebook to protect their customer and our investor

Right. And we can't blame them because of the rampant ico scam that victimized a lot of people and Facebook had been abuse by these and the least they can do is to ban it.
However, I still see some advertisement of projects but with just a full text only and don't have any pictures and maybe that's the new rule.

[vasrasus]

that's because too many scam ICO. so they will need control it before put an ad on facebook to protect their customer and our investor

Right. And we can't blame them because of the rampant ico scam that victimized a lot of people and Facebook had been abuse by these and the least they can do is to ban it.
However, I still see some advertisement of projects but with just a full text only and don't have any pictures and maybe that's the new rule.

IMHO it will be hard to implement banning of crypto in bitcoin, everyone uses it as a way to promote,maybe they can remove those ads but there will still people who will use this medium to influence possible investors to make their ICO success.

[FLoving]

What happen if  ICO or Cryptocurrency banned in facebook or other social media? Do you think it will happen?

I heard that news from one of my friend yesterday and I wondered that why the owner of facebook has banned it as there was a huge profit to him from these type of advertisement. I think he done a mistake in this decision as not all the crypto projects are scam. It is a bigger platform and they have to manage that field well. They have to manage in a way that they have to give chance to those projects for which they will be sure that they are legit. They have to investigate for them.

[Lecam]

What happen if  ICO or Cryptocurrency banned in facebook or other social media? Do you think it will happen?

I've read an article that they are planning to ban ICO and cryptocurrency advertisement on facebook. I don't know if this is true because a month ago there was a news that Mark Zuckerburg is learning about crypto and planning to integrate it on his works. If the news about banning ICO and cryptocurrency advertisement on facebook, this would really affect marketing because facebook is widely used by people and even crypto enthusiasts.