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?
Will only affect the price sometimes only. But with time everything goes back normal.
How can facebook affect the price? For what reason and application... Facebook need to balance everything that's why they need to banned crypto currencies/marketing for good reason and one of the main reason is to avoid all their customer to invest almost but not all in scam/fraud crypto projects. But you know, there still adds and facebook bounty campaign and it's hard to filter and clean it up for instant interval of time.