Facebook Reverses Cryptocurrency Ad Ban Amidst Rumors of a Coinbase Acquisition

[Kapyong]

Gday all

From BitCoin Magazine :
https://bitcoinmagazine.com/articles/facebook-reverses-cryptocurrency-ad-ban-amidst-rumors-coinbase-acquisition/

Facebook has reversed its blanket ban on cryptocurrency ads and will now allow pre-approved crypto businesses to advertise. However, ICOs and binary options will still be prohibited from the platform.

In a published blog post, Facebook Product Management Director Rob Leathern said the company has refined the policy and will now "allow ads that promote cryptocurrency and related content from pre-approved advertisers."...

Probably good news for BTC

Kapyong

[1715506533]

1715506533

[1715506533]

1715506533

[cryptodalton]

Indeed a great news for the crypto currency investors. I was quite worried when they announced the ban as Facebook has millions of users. I thought the ban might become loss for the market. However, I'm very happy that unveil it. A lot of people will get to know different crypto currencies now and I hope they will show interest in it seeing its different features and advantages. Besides, this may also bring positivism to great extent.

[tailor.and]

A great new! I hope now the investors will get attracted to it and the demand may get increase which may rise the price of crypto currency. SO, fingers crossed for this.

[Kapyong]

Yup,
BTC jumped up nearly 10% yesterday - hoping for further rises with this news.

Kapyong

[Outsider07]

Yes it is a good news for the whole industry. I guess, promotion of crypto will grow up more that will surely raise the acceptance of crypto in common people. Thus there is a huge opportunity of growing this sector.

[shadyrifles]

Facebook has banned ICOs and cryptocurrency advertisement from their platform back in January.

The recent news coming that the Facebook will reverse its ICO and cryptocurrency ban and the company will now allow some preapproved advertisers to promote crypto businesses and services like exchanges.

Facebook seems interested and initiated to think the crypto craze is at least somewhat legit. The company started its own internal blockchain team earlier this year
(Source: https://www.recode.net/2018/5/8/17329696/facebook-blockchain-crypocurrency-david-marcus-crypto-messenger-app)  to explore the technology that is being used as the foundation for all cryptocurrencies.

[btyco]

This is the kind of news we are all waiting for, big big companies joining the blockchain revolution. Bitcoin and everything else is going to pump, the start of the bull run is close!

[PhantasmRisk]

That's cool! I hope this create a positive impression in the market. As Facebook is a giant

[invincible49]

This is the kind of news we are all waiting for, big big companies joining the blockchain revolution. Bitcoin and everything else is going to pump, the start of the bull run is close!

This news is 6 days old. To think Facebook reversing their ruling on cryptocurrency advertisements can have an impact on the market is a foolish thought. People who are holding, selling, daily trading Bitcoin or other cryptocurrencies do not follow what social sites are doing to cryptocurrency. Some new comers and weak hand might be affected but otherwise it's just not something that has big impact on Bitcoin.

[samiraetn]

if facebook ban cryptocurrency or not many rumors are spread everyday regarding this issue, in this topic my advice will be wait until the authorities announce anything officially, and of course we all hope they removed the ban over it.

[jamesbondbd007]

Yes certainly a good news. Facebook is one of the most popular social sites. I think if we can place our crypto ads in facebook then we can expect to restore people's trust on this.

[spicybanana]

Of course it is a good news for bitcoin. Although Facebook is not as influential as it used to be but there are still a lot of people using it. People will get to know more about Bitcoin through social medias.

[MiiDoViic]

Gday all

From BitCoin Magazine :
https://bitcoinmagazine.com/articles/facebook-reverses-cryptocurrency-ad-ban-amidst-rumors-coinbase-acquisition/

Facebook has reversed its blanket ban on cryptocurrency ads and will now allow pre-approved crypto businesses to advertise. However, ICOs and binary options will still be prohibited from the platform.

In a published blog post, Facebook Product Management Director Rob Leathern said the company has refined the policy and will now "allow ads that promote cryptocurrency and related content from pre-approved advertisers."...

Probably good news for BTC

Kapyong

That's nothing tbh . Facebook ads are all New ICO's and scams getting spammed . That's only ruining the image of bitcoin not helping it grow. The price surged today because of the coinbase  news and nothing to do with facebook. Infact i hoped they kept it banned.

[theyoungmillionaire007]

I heard the news before. Nowadays facebook is a word most popular social networking site. For this reason many people are using this site. If facebook accept cryptos ads then people will know more about this market and influence to invest on this market.

[jonalva]

Recently the market of cryptocurrency is facing a dip as the high demand has increased the prices discouraging investors to invest. But with proper marketing plan it can be fixed. If properly promoted on social media more people will know, new investors will invest in the market and the flow of the coins will be back to normal.

[cryptounintended]

Good news. All this strengthens the trust in cryptocurrencies. Maybe they want to make their own cryptocurrency on Facebook? what do you think?

[cryptohobbs7]

Such a matter of joy that the product management director of facebook Mr. Rob Leathern has declared that from now on facebook will allow ads that promotes the cryptocurrency and also those contents which are co-related.

[F$m@nia]

But this news didn't impact the prices of Bitcoin much. As according to a survey less than two percent traffic is generated by social sites.

[Roberttran]

This is great news.  Hopefully the other big corporations google and twitter will also remove the advertising ban with cryptocurrency and bitcoin in the future.

[ClarenceDo]

I think that's a great news. As Facebook unbanned the ads of cryptocurrency, so they will be more exposure of cryptocurrency. More people will be interested to invest on cryptos.