Why social networks ban cryptocurrency?

[mithrim]

Obviously, regulatory issues are the driving factor here. If it were because of the existence of scams, there wouldn't be an "open" internet in the first place.
Social networks would need to forbid posting links in general...

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[fernandoaleixo]

They're not that far from being suspicious especially ICOs for alt-coins, I believe social media, in general, don't wanna take risks and only accept big crypto propagandas.

[Onix]

It is well known that social networking sites such as Twitter, Facebook, Instagram etc., in addition to the Google search engine have announced a ban on all advertising & promoting the initial sales ico and this after the outbreak of the phenomenon of deception and monument and the mass of encrypted currencies that have no projects in The latter has negatively impacted the market .
And the reason for the decline in the market value of some currencies intended and famous, but there is a positive side is the emergence of some currencies that have a goal and projects to promote advertising and there are currencies that create a search engine with Blockchain technolog .

[zuza1988]

in many countries they are not legally regulated and that's why they can cause some problems

[Kristensmith]

One of the reason is to avoid scammers that use social network like facebook for advertisement of their ICO since many user uses fb a lot.