Facebook have it new policy pertaining to initial coins offerings 'ICOs' . The policy specifically prohibits ads that promote ICO on it platform.
The banned is due to the fact there are so many companies who are advertising ICOs that are not currently operating in good standards and faith.
In the meantime, Facebook is encouraging people to report content that violates this new policy.
What effect do you think this will have on ICOs and future of cryptocurrencies?
So true, they are just ruining the name of this technology. They are making false sales and then ran away like rats when the crowdsale ends. That is also the reason why I don't invest in ICO's anymore.
But there still so many advertisements that I'm seeing in FB these days, and I think when it comes in spreading popularity of the new ICO (or platform), individuals who are keep sharing the platforms ideas throughout in every corner of the facebook can't be stop. So I think Banning ICO's advertisements won't have a dent in their sales.