So as you might have already heard, Facebook has taken a step against crypto ads asking people to participate in ICOs etc. And in the same time, bitcoin value has experienced quite a significant fall.
i was confused with this news because just recently I have seen a news clipping or article that Facebook is considering bitcoin and other cryptocurrency into their system and now this? They are now looking into banning ads related to cryptos. I see that they are only protecting the interest of users from fraudulent icos.. But I hope that they will be more Open mined about this. Cryptos are the thing now.
I like what this person just said and i quote
"We want people to continue exploring and learning new products and services through Facebook without risking fraud," said Rob Leathern, product manager for Facebook. Now many companies that advertise on binary options, ICO or electronic money are not very transparent. We will try to review such ads and then block them on the social networking sites of the company. like Facebook, Audience Network or Instagram.
facebook is after the protection of its users and the company itself. So from the time being let us give fb a chance to sift through everything and giving us the best that they can give.