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?
There are going to be many effects out of this policy, the effects for Facebook are very obvious they're going to lose a source of revenue and as a business that is never a good thing also to me that is very suspicious so if I do not trust in Facebook already then this only rises my suspicions of Facebook, and the consequences for icos are very simple as well they will not get as much money simple as that.