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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?
There are many crypto related ads still showing in the facebook even they announced that they are banning all the ads from their platform,so it is no wonder that they are allowing a properly regulated crypto exchange to post their ads in their platform,maybe they changed their rules and stop only the ICO advertisements I think.