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Topic: Facebook Updates its Ad Policy : Non-ICO Ads Allowed - page 2. (Read 202 times)

legendary
Activity: 1120
Merit: 1000
I don't own facebook but i saw ICO ads related on Instgram ( this platform is owned by facebook right?) So it means they don't compeletly banned crypto. I believe the reason why they're doing this because they think crypto is a ponzi scheme or money game they just want to protect their users. It's really bad since projects or wwbsite get a lot of visitors from facebook and one of the good ads flatform in this era.
hero member
Activity: 1458
Merit: 509
the revenue from crypto-related businesses is potentially huge.

they don't give a shit about that revenue. Facebook is making the same amount of money with or without crypto related ads on their platform.

and i believe the reason why they changed their policy is because of the social pressure that was put on them after they banned them. but if they really unbanned everything apart from ICO ads then i thing it is a good thing.
At least until facebook have been getting a big scandal with US. I remember there are some canadian countries have created a petition to lift the ban for ico advertisement. If they are all banning facebook from their countries and it can become another big disaster for facebook itself and that's real reason behind it i suppose.
member
Activity: 938
Merit: 13
AMEPAY
Soon they will also allow ico ads, future is bright for all the crypto related products and services, everything is going to implement blockchain technology, it will be of no surprise when even fb will announce that they will be upgrading their platform based on blockchain technology.
full member
Activity: 476
Merit: 107
But this Coinbase, did Facebook wanted to expand their 'monopoly' to other business?
It's either that or maybe they want to help people connect more in terms of financial matters if it is then owning Coinbase is one of the best decisions in order to achieve that goal.
Obviously, these guys cannot ignore the revenue being generated from these ICO adverts, so banning them completely is not a good business option.
Also, it will save them time because they cannot really ban crypto advertisements completely like how Facebook takes time to remove pornographic contents and pirated movies and videos on an unreported page/group.
full member
Activity: 686
Merit: 104
Yes, Facebook and Twitter want to updates their AD Policy cannot mention the ICO or investment in ICO since this years, I think the cryptocurrencies still illegal in many countries, scam, FUD and all around the ICO, cryptocurrencies in the bad situation right now.
sr. member
Activity: 616
Merit: 250
I think because crypto is nit fully yet legal in some cases and there's alot of ico that is a scam which is alright to ban because of that
member
Activity: 373
Merit: 11
CryptoRex
I head that Facebook will be allowing ico ads again soon; with some restrictions. Smart move on their part, as ico campaigns are a big revenue generator. I do hope they vet projects better this time.
legendary
Activity: 1988
Merit: 1768
Recently Facebook lifted its ban on crypto-related ads realizing the growing interest in cryptocurrencies and also considering the fact that the revenue from crypto-related businesses is potentially huge. Read on to know more!

Source : https://coinfrenzy.io/facebook-ad-policy-update/

Personally, I think that's very good, what facebook is doing now. The whole ads of the scam ICOs just throw a bad light on Bitcoin and other crypto currencys. I am glad that now again normal crypto ads are allowed. This brings people to the real crypto currencys and not to the scam projects. That's why thumbs up for this decision from facebook.  Smiley
legendary
Activity: 1134
Merit: 1010
BTC to the moon is inevitable...
the revenue from crypto-related businesses is potentially huge.

they don't give a shit about that revenue. Facebook is making the same amount of money with or without crypto related ads on their platform.

and i believe the reason why they changed their policy is because of the social pressure that was put on them after they banned them. but if they really unbanned everything apart from ICO ads then i thing it is a good thing.
hero member
Activity: 3080
Merit: 603
They have to review those crypto related companies/services that wants to advertise on Facebook again.

And this is why each of them has to apply for that as shown on their business blog.

According to unconfirmed information, David Marcus (former Vice President for the development of Facebook messenger) persuaded Zuckerberg to buy out Coinbase
Do you have a source on this one? this is going to be another big news if this is ever been on their consideration. But I doubt it will happen, partnership is possible but buying the whole coinbase out?hmmm
sr. member
Activity: 644
Merit: 299
Quote
Any business wishing to advertise crypto-related products and services must now prove that they are eligible by filling out a form called “Cryptocurrency Products and Services Onboarding Request” as well as providing proof of ownership of the domain(s) associated with this application.
Even though this has just been officially stated, it is obvious this is something that has been going on or at least tested for a while now and same goes for Google as well since the article also mentioned that, as I have seen some verified ads as well as pages after the initial ban.

However, this is a good move as this is what I have expected anyway and as long as an ICO can show its legitimacy, it will at least help clean up the space from scam ICOs trying to use the space for their devilish reasons. Obviously, these guys cannot ignore the revenue being generated from these ICO adverts, so banning them completely is not a good business option.
jr. member
Activity: 86
Merit: 2
I think this is a really positive move and fit's in with the idea the ICO's will soon be found to be securities (Not to mention the amount of dodgy ICO's around)

Airdrops are the way forward for me. Build a coin from scratch not stupid amount of money raised at the start which just causes exchanges to request ridiculous fees either then.
legendary
Activity: 2170
Merit: 1789
According to unconfirmed information, David Marcus (former Vice President for the development of Facebook messenger) persuaded Zuckerberg to buy out Coinbase

What makes them wanted to do this? I mean, Facebook (social media) and Coinbase (crypto exchange/wallet) have a different business field. If Facebook wanted to buy WhatsApp and Instagram, it makes sense for me as they support the main goal (AFAIK) of Facebook, which is to connect people.

But this Coinbase, did Facebook wanted to expand their 'monopoly' to other business?
member
Activity: 189
Merit: 10
According to unconfirmed information, David Marcus (former Vice President for the development of Facebook messenger) persuaded Zuckerberg to buy out Coinbase
jr. member
Activity: 98
Merit: 1
Recently Facebook lifted its ban on crypto-related ads realizing the growing interest in cryptocurrencies and also considering the fact that the revenue from crypto-related businesses is potentially huge. Read on to know more!

Source : https://coinfrenzy.io/facebook-ad-policy-update/
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