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?
This is not a big problem to those who are legit, because they can always find a way to solve any negative effects to their project but not to the scammers. Because scammers has limited influence and social media is their best opportunity to scam people.