Quote from: Donceng on March 12, 2018, 03:48:21 PM

Quote from: pxo.011 on March 12, 2018, 07:44:54 AM

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.