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?
I think the effect of banning ico advertisement in facebook is very minimal, although there are lot of audience and potential investor in fb but they are still new in crypto and they will just be a future cancer in crypto currency. There are still few good platform that is good for advertisement like in quora and reddit website so i dont see it will affect at all.