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?
For me it has good and bad effect.
Good because people will not be lead to wrong information about scam ICO. And bad because we all know that facebook is one of mean of communication. Facebook if one of the great place to advertise a product and let the people introduce something. If facebook will banned crypto it will lessen the opportunity to introduce crypto to people.