This is a good thing. The crypto industry is full of scammers and people who are trying to take advantage of the mania. Weeding these people out and protecting people from them is a good thing for the long term prospects of the industry. Those thinking it's the end of the world are fairly short sighted. This is a good thing for BTC!
Indeed. It is banned for good reason though. Just like how Bing banned cryptocurrency advertisements. Twitter, Google, Bing, and Microsoft banned crypto ads to ensure the safety of the users since cryptocurrencies and bitcoin are known as 'scam' and 'illegal' by people who don't really know much about these digital currencies.