Facebook removes/Unbans Bitcoin & Cryptocurrency Ads - page 12.

elwiswoodie

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Activity: 378

Merit: 16

Quote from: First77 on June 27, 2018, 09:45:17 AM

Facebook is lifting its ban on cryptocurrency ads which went into effect in January. After months of evaluation, the company decided to allow some crypto ads on its platform. Advertisers must submit a request form with details of their businesses and the types of crypto content to be promoted.

Starting June 26, we’ll be updating our policy to allow ads that promote cryptocurrency and related content from pre-approved advertisers. But we’ll continue to prohibit ads that promote binary options and initial coin offerings.

https://news.bitcoin.com

actually facebook also prevent common problems, namely fraud in ICO
the number of cases of fraud through ICO, making facebook more concerned about its users not to become victims, I think the steps taken by Mark, is very appropriate

ubay

full member

Activity: 728

Merit: 101

As I predicted, Facebook will reopen the cryptocurrency ads. Maybe Facebook just wants to test how much power they have if they ban cryptocurrency ads, but that does not impact much. And finally they open their ads again which of course it is income for them.

patron bounty

newbie

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I think facebook is not the only platform used by many people, there is still instagram. Many people today use Instagram as their advertising medium, and this is quite effective.

Dudeperfect

hero member

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Merit: 534

Well, there is no surprise in this news because banning entire crypto related ads is like banning ads for the companies using fiat currencies just because some companies were involved in the scam. This logic doesn't make any sense in fiat and so that in crypto. This is something that I said 4 months ago,

Quote from: Dudeperfect on February 02, 2018, 07:17:24 AM

If you are involved with crypto industry at least for previous 6 to 10 months and if you are a Facebook user too then you must have noticed the high number of ICO ads in your news feed. It was shown to my friends who have interest in Bitcoin but they don't have any idea about the same. Now, a couple of them actually invested in one ICO believing in growth promised to them in the ad and later that ICO turned out as a scam and they lost their investment. To avoid scammers from using FB business platform, FB decided to ban crypto ads. However, I am expecting moderated/rectified policy from them soon.

BitRentXx

newbie

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I think not, until now facebook still allow their application used for crypto advertisement and there are many ICO projects that use facebook as its broadcast media.

Phlaser

newbie

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Guess the initial decision to ban Cryptocurrency ads was uncalled and mistake learnt the hard way. This is another step to show the world that Cryptocurrency is here to stay and do wonders to humanity at large.

Quote from: First77 on June 27, 2018, 09:45:17 AM

Facebook is lifting its ban on cryptocurrency ads which went into effect in January. After months of evaluation, the company decided to allow some crypto ads on its platform. Advertisers must submit a request form with details of their businesses and the types of crypto content to be promoted.

Starting June 26, we’ll be updating our policy to allow ads that promote cryptocurrency and related content from pre-approved advertisers. But we’ll continue to prohibit ads that promote binary options and initial coin offerings.

https://news.bitcoin.com

ladydark

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Activity: 686

Merit: 500

Quote from: First77 on June 27, 2018, 09:45:17 AM

Facebook is lifting its ban on cryptocurrency ads which went into effect in January. After months of evaluation, the company decided to allow some crypto ads on its platform. Advertisers must submit a request form with details of their businesses and the types of crypto content to be promoted.

Starting June 26, we’ll be updating our policy to allow ads that promote cryptocurrency and related content from pre-approved advertisers. But we’ll continue to prohibit ads that promote binary options and initial coin offerings.

https://news.bitcoin.com

Facebook has been now suffering due to the recent leakage of its customer database to a private company and so now they are coming a little bit step down.

leostrong.mo

newbie

Activity: 126

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Facebook has encountered a big crisis this year, they are suspected of leaking user information, causing serious economic problems for the company!
Advertising of cryptocurrencies and ico can bring them a lot of operating income, so they cancel the ban!

alex M

newbie

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Quote from: ankurguta87 on June 28, 2018, 12:02:16 AM

Its conditional, advertisers that are approved by Facebook through an application process can promote crypto products,
though ads promoting binary options and ICOs, initial coin offerings, are still banned.

Interested advertisers may have to show Facebook “licenses they have obtained, whether they are traded on a public stock exchange, Still reversal of the ban will be seen as positive from most of the cryptocurrency community.

A good news for crypto industry, though it is limited only but Im glad to hear that, at least the support for crypto is present. If all social media sites will support crypto business industry, I think prices for all crypto will easily be back to normal because social media will give interests to users and investors in a fast and easy way, as to dessiminate informations about crypto.

thomascrypto61

newbie

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It is not a very good news to hear that facebook is taking decisions to ban/remove Ads related to crypto currency from their home page. But it doesn't affect the popularity of the bitcoin. Because we have already seen its popularity and importance to the mankind.

collins_89

newbie

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i think it’s their own decision. But i believe bitcoin can’t need any advertisement because of their performance. If any person make profit from this site he/she will influence to other for invest on this project.

Beehives

jr. member

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I guess facebook cannot afford to lose what a crypto could offer. The amount of money on advertisement is so tempting that’s Facebook lift the ban.
Anyhow it’s a good news for us.

JacobLiam12

copper member

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Advertising on face book is open now but you have to submit some issues to them also few days ago they banned this advertise of crypto mainly for updating their issues based on this now they again give ads for crypto so this is good initiative I think.

usekevin

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DGbet.fun - Crypto Sportsbook

Quote from: First77 on June 27, 2018, 09:45:17 AM

Facebook is lifting its ban on cryptocurrency ads which went into effect in January. After months of evaluation, the company decided to allow some crypto ads on its platform. Advertisers must submit a request form with details of their businesses and the types of crypto content to be promoted.

Starting June 26, we’ll be updating our policy to allow ads that promote cryptocurrency and related content from pre-approved advertisers. But we’ll continue to prohibit ads that promote binary options and initial coin offerings.

https://news.bitcoin.com

If Facebook had removed advertising ban on cryptocurrency means,it will be good new.By facebook,the awareness about bitcoin will increase among people around this world.If the knowmledge about bitcoin is increased,the demand of bitcoin will increase.It will increase the price of bitcoin.

Phil2018

newbie

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Thank you for the informative news. If Facebook unbans the cryptocurrency and bitcoins add it will be a big promotion and marketing for cryptocurrency and bitcoin. I hope this step by facebook will change the total scenario of the crypto industry.

ankurguta87

full member

Activity: 364

Merit: 117

Its conditional, advertisers that are approved by Facebook through an application process can promote crypto products,
though ads promoting binary options and ICOs, initial coin offerings, are still banned.

Interested advertisers may have to show Facebook “licenses they have obtained, whether they are traded on a public stock exchange, Still reversal of the ban will be seen as positive from most of the cryptocurrency community.

Herbert2020

legendary

Activity: 1946

Merit: 1137

that still wouldn't change anything about the cryptocurrencies though.
the ban that happened a couple of months ago was used as an excuse to speed up the dumping process of the altcoins and that process has not yet ended. we are still witnessing the altcoins getting dumped nonstop because there is still a lot of money left to leave the market and the altcoin bubbles need bursting before we can see any meaningful rise.

Bharathi13

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Activity: 368

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The Standard Protocol - Solving Inflation

Facebook is the biggest manipulator of the cryptomarket. First the banned all crypto related advertisement when market was bearish trend and than twitter and google both followed facebook. Now facebook realised market is down and its good opportunity to reverse the ban and invest from their ends too coz BITCOIN will soon go uptrend. And soon twitter and google will also reverse their decision.

The Cryptologist

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Activity: 546

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I did not believe this when I first saw this thread so I checked again and it is real. I think things are going to be smooth again for crypto and the market will be in its normal state. I know Zuckerburg is smart and he is definitely very close on releasing his own cryptocurrency.

MartinAK

newbie

Activity: 168

Merit: 0

This is really good news for all this while i have personally wished facebook would have allowed the crypto Ads and for sure it confirmed now. I really hope this become permanent without any change and it help bitcoin and cryptocurrency world. We have the world at heart and with these Ads we will go far.

Topic: Facebook removes/Unbans Bitcoin & Cryptocurrency Ads - page 12. (Read 2106 times)