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According to Ethereum World News, Facebook has decided to allow a few specific cryptocurrency-related advertisements run on the platform. This is a few months after Facebook announced that they would ban all cryptocurrency-related ads. One of the cryptocurrency-related companies allowed to advertise on Facebook is Coinbase.
The CEO of Coinbase, Brian Armstrong, announced the decision in a tweet a few hours ago. He stated:
Facebook banned ads for crypto earlier this year. Proud to say weve now been whitelisted and are back introducing more people to an open financial system.
Will this bring a positive impact on bitcoin and bitcoin prices going forward?
Yes I think so, there's a positive effect of advertising crypto in social media especially facebook. Facebook have a million of users which can help crypto to be known. It's an advantage that this crypto was allowed. Because of this news I think more crypto will also try to approach FB to advertise.