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?
The ban had a negative effect on BTC pricing, as we saw google and twitter also join the ban club later. But we saw the price of BTC going up again, a clear indication that BTC can stand on its own despite the ban from technology giants.