Facebook bans ads for cryptocurrencies

[Wilfrer]

I think that is a wise decision. However, it is probably just rumors and it seems that you are the one who spread it. Electronic money is the trend of the future. So it's silly to stop it from growing. In addition, some major communications networks have shown signs of paving the way for e-money to grow. Such as Youtube. So, I think there is always bad news at the moment to make the currency fall

[statementp]

Is this a speculation or confirmed information?..... If true how do we go about facebook bounty campaigns?

[Btcirene88]

Is this a speculation or confirmed information?..... If true how do we go about facebook bounty campaigns?

Yes, it was confirmed information regarding on facebook bans ads for cryptocurrency. For the facebook bounty campaigns its safe to used for cryptocurrency.

[Cotton Candy]

WASHINGTON- Facebook says it is banning all ads related to cryptocurrencies in an effort to fight scams.

The social media giant said it is barring ads for "financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, and cryptocurrency."

Initial coin offerings or ICOs are a way for companies to raise funds by selling investors cryptographic assets.

Fraud is common in the world of red-hot digital currencies such as bitcoin.

This week, for instance, the US Securities and Exchange Commission shut down an initial coin offering by a Texas company called AriseBank.

AriseBank was accused of relying on celebrity endorsers such as boxer Evander Holyfield and social media to cheat investors out of $600 million of its goal of $1 billion for a currency it called "AriseCoin."

In a blog post announcing the news, Facebook product management director Rob Leathern hinted that Facebook may modify the new policy at some point to allow bona fide crypto-related businesses to advertise again.

"We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception," Leathern wrote.

"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 our platforms including Facebook, Audience Network and Instagram. We will revisit this policy and how we enforce it as our signals improve," he added.

read more here : http://news.abs-cbn.com/overseas/01/23/18/facebook-admits-social-media-threat-to-democracy

As much as I hate the advertising in the face book because before there are no advertisements but now even the videos have it and thar sucks and that is interupting me watching. But for the bitcoins and the cryptocurrency that means a lot to them because there are a lot of people using Facebook and seeing bitcoins and the pther cryptocurrency in that platform can get to the people and that people will get curious to the cryptocurrency and they will start knowing it.

[bintangkejoraku]

I've heard this news many times, but until now I've seen everything all right. facebook campaign running as usual.

[ratatat bangbang]

I've heard this news many times, but until now I've seen everything all right. facebook campaign running as usual.

Yes its true its been a while I heard this news to but still seeing vedio advertisements. I think there are plans for this to vanished crypto advertisement but may soon but for now I am viewing some.

[Pendularin]

WASHINGTON- Facebook says it is banning all ads related to cryptocurrencies in an effort to fight scams.

The social media giant said it is barring ads for "financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, and cryptocurrency."

Initial coin offerings or ICOs are a way for companies to raise funds by selling investors cryptographic assets.

Fraud is common in the world of red-hot digital currencies such as bitcoin.

This week, for instance, the US Securities and Exchange Commission shut down an initial coin offering by a Texas company called AriseBank.

AriseBank was accused of relying on celebrity endorsers such as boxer Evander Holyfield and social media to cheat investors out of $600 million of its goal of $1 billion for a currency it called "AriseCoin."

In a blog post announcing the news, Facebook product management director Rob Leathern hinted that Facebook may modify the new policy at some point to allow bona fide crypto-related businesses to advertise again.

"We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception," Leathern wrote.

"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 our platforms including Facebook, Audience Network and Instagram. We will revisit this policy and how we enforce it as our signals improve," he added.

read more here : http://news.abs-cbn.com/overseas/01/23/18/facebook-admits-social-media-threat-to-democracy

They should not bann crypto currencies ads in facebook . Crypto currencies should be familiarized to people and have it publicly  . There is nothing wrong about crypto

[nmthu2209]

The policy is designed by Facebook to limit fraudulent and misleading advertising. Leathern said the scope of the new ban was quite large and the company would specify the new policy for effective enforcement.

[Twentyonepaylots]

WASHINGTON- Facebook says it is banning all ads related to cryptocurrencies in an effort to fight scams.

The social media giant said it is barring ads for "financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, and cryptocurrency."

Initial coin offerings or ICOs are a way for companies to raise funds by selling investors cryptographic assets.

Fraud is common in the world of red-hot digital currencies such as bitcoin.

This week, for instance, the US Securities and Exchange Commission shut down an initial coin offering by a Texas company called AriseBank.

AriseBank was accused of relying on celebrity endorsers such as boxer Evander Holyfield and social media to cheat investors out of $600 million of its goal of $1 billion for a currency it called "AriseCoin."

In a blog post announcing the news, Facebook product management director Rob Leathern hinted that Facebook may modify the new policy at some point to allow bona fide crypto-related businesses to advertise again.

"We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception," Leathern wrote.

"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 our platforms including Facebook, Audience Network and Instagram. We will revisit this policy and how we enforce it as our signals improve," he added.

read more here : http://news.abs-cbn.com/overseas/01/23/18/facebook-admits-social-media-threat-to-democracy

this is only the regulation sheet in facebook account, but in fact until now a lot of advertises about bitcoin there, with the statement the facebook manager just warned that the user account does not not advertise a site that has not worked with the facebook. and this will be said spam.

Facebook can do so much on Banned of the campaign with relation to crypto currency market trading or even market campaign, the have all the control feature on the illegal use of Facebook, yes, somehow help get rid of the Scammer on the trading market of crypto currency. But, the growing numbers of Bitcoin or crypto investors is unstoppable, If you look deeper it is just an issue on regulation.

[Escf4]

WASHINGTON- Facebook says it is banning all ads related to cryptocurrencies in an effort to fight scams.

The social media giant said it is barring ads for "financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, and cryptocurrency."

Initial coin offerings or ICOs are a way for companies to raise funds by selling investors cryptographic assets.

Fraud is common in the world of red-hot digital currencies such as bitcoin.

This week, for instance, the US Securities and Exchange Commission shut down an initial coin offering by a Texas company called AriseBank.

AriseBank was accused of relying on celebrity endorsers such as boxer Evander Holyfield and social media to cheat investors out of $600 million of its goal of $1 billion for a currency it called "AriseCoin."

In a blog post announcing the news, Facebook product management director Rob Leathern hinted that Facebook may modify the new policy at some point to allow bona fide crypto-related businesses to advertise again.

"We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception," Leathern wrote.

"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 our platforms including Facebook, Audience Network and Instagram. We will revisit this policy and how we enforce it as our signals improve," he added.

read more here : http://news.abs-cbn.com/overseas/01/23/18/facebook-admits-social-media-threat-to-democracy

They should not bann crypto currencies ads in facebook . Crypto currencies should be familiarized to people and have it publicly  . There is nothing wrong about crypto

I really just observe because no real penalty or whatever impose to facebook users who advertise, make promotion , introducing ICOs in which they are connected to cryptocurrency, but as of now the facebook campaign is still going on , I might think it is a part of a fake news about bitcoin and cryptocurrency.

[rossr1]

It is a new level of working place for us, apps are banned yes, and the price for crypto can go down, but after that will grows up

[Eureka_07]

I don't think that they are doing this just to put cryptocurrency down. Facebook bans advertisements to prevent people from entering a site that might be an unsecure site. Facebook wants to protect its people from scammers and aside from that the ads may contain links that is connected to phising site.

[Bitcoincole]

I guess facebook is just implementing precautionary measures in order to maintain peace and order among its users and not necessarily mean that they are against cryptocurrency or bitcoin. They also have interbal protocols that needs to be followed so we should not worry aboit it coz it wont affect bitcoin.

[Kevin77]

Bans are just means to see bitcoin's downfall and perhaps blockchain technology. Facebook has started the ban long ago. Some users of facebook are even suspended for promoting blockchain technology. The great news is that bitcoin cannot be teared down.

Talk about FUD and reading headlines only and coming here to make flimsy excuse or things that are not right just to make a claim. I have been promoting blockchain technology for over three years and I was never banned and those who were banned may have to give reasons as to why this was so for them because Facebook will not just suspend an account without you doing something against their rules and policies.

Secondly, Facebook ban on ads was not for bitcoin's downfall and definitely they are not so dumb like some of you are not to know it would have little impact, however, it was obviously not their mission, but the essence was to clean up the ad space of scam ICO advertisement which I believe most of you simply are not getting and if you have really been using Facebook.

You should have seen by now, that only legitimate ICOs are being allowed to run advert after verification. You guys should just stop all this unnecessary and baseless theories that only you know where you got them from.

[squog]

Well it's effective that all crytpo currency ads will lessen the reach of those scams but will also lessen the reach of all other crypto currency. Then again, if Facebook doesn't want crypto currency in their site then it's theirs to dish out. We have always found other ways to reaching our Target markets.

[BurakTurk]

Facebook updated its policies in force to prohibit all ads related to cryptocurrency and initial coin offering (ICO). many people who turned out to use it to seek personal gain even lead to the action of deceit.

[resty]

WASHINGTON- Facebook says it is banning all ads related to cryptocurrencies in an effort to fight scams.

The social media giant said it is barring ads for "financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, and cryptocurrency."

Initial coin offerings or ICOs are a way for companies to raise funds by selling investors cryptographic assets.

Fraud is common in the world of red-hot digital currencies such as bitcoin.

This week, for instance, the US Securities and Exchange Commission shut down an initial coin offering by a Texas company called AriseBank.

AriseBank was accused of relying on celebrity endorsers such as boxer Evander Holyfield and social media to cheat investors out of $600 million of its goal of $1 billion for a currency it called "AriseCoin."

In a blog post announcing the news, Facebook product management director Rob Leathern hinted that Facebook may modify the new policy at some point to allow bona fide crypto-related businesses to advertise again.

"We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception," Leathern wrote.

"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 our platforms including Facebook, Audience Network and Instagram. We will revisit this policy and how we enforce it as our signals improve," he added.

read more here : http://news.abs-cbn.com/overseas/01/23/18/facebook-admits-social-media-threat-to-democracy

I think it will not greatly affects those legit Cryptos out there to advertise their product because there are a lot of platforms that can use aside from Facebook. As we all know, we can see several platforms that has designated part of the funds of the Initial Coin Offerings that is launch by the team.

[DMCR lah]

Facebook then urges its users to report any ads that are missing from corporate security surveillance. They admit that they can not always catch ads related to cryptocurrency.

[sepeda karat]

Facebook recently will produce all that is good for services or cryptocurrency services. The company also said they are open to new technology, but many companies do not have good faith when using virtual internet.

[Electric4]

This is understanding, because there is a lot of fraud in ICOs and potential for users to lose money due to a scam ad. FB has to think about their users first, and not some 3rd party thing like cryptos.