Facebook and Instagram bans Cryptocurrencies ads. I think they are nothing to cryptocurrencies. Facebook users are not great market. It is only few percent of ICO market. I think cryptocurrencies will not die because of them.
Crypto industry will not die because of them but what they did can lessen ICO scam that is rampant in social media that is why they ban the advertising of cryptocurrency. It is a good step for Instagram and Facebook because it will benefit all investors and protect them from ICO scam out there.