Facebook against bitcoin?

[Brothersav]

Because they believe that Facebook prohibits bitcoin and ICos and other cryptocurrency
The new Facebook policy will not allow announcements of known digital currency exchanges or initial offers of currencies.
Is it to avoid fraud or false advertising? That's why?

Fraud or false advertising?  How about Russian fake news meddling in the US election? Facebook's banned ICO advertising because they're shit scared. They don't want their users partaking in something that threatens Facebook's existence. Take STEEM for example, STEEM is going to do what Facebook did to Myspace.

[yareklamator]

What nonsense you are talking about now.
It is forbidden to advertise ICOs, it is forbidden to encourage people to invest their money in everything that they see. A beautiful picture that attracts attention and gives chance to scammers to catch in their schemes a lot of people. All. It's all. Do not invent what is not.

[mangkanor]

Because they believe that Facebook prohibits bitcoin and ICos and other cryptocurrency
The new Facebook policy will not allow announcements of known digital currency exchanges or initial offers of currencies.
Is it to avoid fraud or false advertising? That's why?

Facebook only restricted ICOs from joining their paid advertising program,but it doesnt mean that you cant post,share,link in facebook's timeline you could still use the facebook as usual and the only people who will be affected by this restriction would be the people who are paying facebook in their advetising program.

[Flamebellow]

Officially Facebook is against a fraud , but for me it looks funny , because there are A LOT of outright fraud advertising on a facebook and crypto is not the worst of them . I guess it could be government/political/financial system pressure on crypto , because we know how centralized facebook is .

[patispace]

Because they believe that Facebook prohibits bitcoin and ICos and other cryptocurrency
The new Facebook policy will not allow announcements of known digital currency exchanges or initial offers of currencies.
Is it to avoid fraud or false advertising? That's why?

Personally, it seems an appropriate measure, since Facebook is provided an ideal platform that many abusers are using to obtain unearned profits thanks to their fraudulent activities. In fact I think Facebook should go even further and cancel the countless groups dedicated to the issue of investments in cryptocurrencies to stop once and for all all the illicit activities that take place there and that only discredit bitcoin.

[Fergal Rodriguez]

Facebook is banning all advertisements for cryptocurrency, including Bitcoin and initial coin offerings, as part of an “intentionally broad” policy against deceptive marketers. Product management director Rob Leathern explained the decision in a blog post, saying Facebook will no longer accept ads that “promote financial products and services that are frequently associated with misleading or deceptive promotional practices.” He says the decision isn’t permanent, though, and that Facebook will revisit the rules when it’s gotten better at detecting and removing bad ads.
“We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception. That said, there are many companies who are advertising binary options, ICOs, and cryptocurrencies that are not currently operating in good faith. This policy is intentionally broad while we work to better detect deceptive and misleading advertising practices, and enforcement will begin to ramp up” across Facebook, Instagram, and its off-platform Audience Network, writes Leathern. “We will revisit this policy and how we enforce it as our signals improve.”

[jelly19]

Is it to avoid fraud or false advertising? That's why?

Yes it could be. But suddenly I doubt that they're going to release their own cryptocurrency  However, currently people just claim that Facebook team just want to prohibit sensitive or potentially harmful advertisements.

[alt-fire]

I do not think that Facebook is against bitcoin.
a lot of spam on the topic of buying crypto + scammers

[kaeluxdeuz]

Because they believe that Facebook prohibits bitcoin and ICos and other cryptocurrency
The new Facebook policy will not allow announcements of known digital currency exchanges or initial offers of currencies.
Is it to avoid fraud or false advertising? That's why?

It's a simple security measure, the devs at Facebook know that there are many scammers around and they would use any means possible to scam people, they don't want it happening on their platform. I think it's the right thing to do.

[Prodigan786]

Who said Facebook not promotin ico promotion of it really Facebook banned then they are postin ico ads without ethics . Still I am getting advertisements regarding ico in my Facebook wall.

[onesalt]

One day, if facebook creates its own coin, I would not be surprised. They are involving in many projects, why not cryptocurrency?

[alexzorgo]

I think there are hidden reasons for the ban on mass advertising ICO and cryptocurrency. Moreover, it coincides with Mark's statement about the investigation of the blockchain by Facebook developers and the possible release of its own cryptocurrency for the Facebook ecosystem. It is possible that by the time of issuing its own cryptocurrency, Facebook users did not associate ICO ads with  mass spam.

[SamboNZ]

Facebook just wants to protect it's users against deceptive marketers/sellers or scammers.  Not only that they are banning crypto but they're also banning other markets as well.

[unusualfacts30]

Because they believe that Facebook prohibits bitcoin and ICos and other cryptocurrency
The new Facebook policy will not allow announcements of known digital currency exchanges or initial offers of currencies.
Is it to avoid fraud or false advertising? That's why?

They won't allow advertisment doesn't mean you can't share or announce ICO in your page. Facebook is very small percentage of advertisment, there are other platforms that work much better to promote cryptocurrency. say twitter for example. I think it's a bad move by them and it'll only destroy their own revenue stream.

[VanKleiss]

Because they believe that Facebook prohibits bitcoin and ICos and other cryptocurrency
The new Facebook policy will not allow announcements of known digital currency exchanges or initial offers of currencies.
Is it to avoid fraud or false advertising? That's why?

They will not advertise ICO in their facebook site but you can freely post it. Facebook only prohibit  a paid advertisement where you can see the ads from time to time, bitcoin is not included in the ban.

[D-Fault]

Facebook just wants to protect it's users against deceptive marketers/sellers or scammers.  Not only that they are banning crypto but they're also banning other markets as well.

True that. And they have some sense with that actions.

[lablab03]

Currently I haven't seen any restrictions on sharing and liking cryptocurrency project on my timeline! I still get many cryptocurrency advert on my feed and believe it or not these share and like is more effective than any advert I have seen on facebook.

yes that's right same here I still see different crypto currency advertisement in facebook even ICO, that's why until now I'm wondering if that banning  issue on facebook is true,  even facebook groups such as related on bitcoin they still exist and i saw some of people there always spreading referrals from different site until now .  So perhaps facebook banning crypto is fake IMO.

[paolma]

Facebook banning to advertise cryptocurrencies on their site? Thanks for the mighty cookie policy i always get crypto related ads still.

[左]

They are not against crypto, they are against people getting scammed through crypto ads on their platform.

[makerst]

If we speak frankly, it is clear that Mark was simply scared that his social network became a platform for propaganda crypto-currency, I think that if there is a financial crisis due to this, he simply decided not to be guilty.