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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?
Og great happy to heard that's good news and congrat for coinbase team because they convince facebook to advertise their plaform in the site after facebook ban all cryptocurrency related ads.
I believe facebook management and coinbase management agreement become successful, coinbase is most trusted and pioneer platform in the cryptocurrency hoping in this way help to pump the price of the cryptocurrency in the coinmarketcap.