Facebook have it new policy pertaining to initial coins offerings 'ICOs' . The policy specifically prohibits ads that promote ICO on it platform.
The banned is due to the fact there are so many companies who are advertising ICOs that are not currently operating in good standards and faith.
In the meantime, Facebook is encouraging people to report content that violates this new policy.
What effect do you think this will have on ICOs and future of cryptocurrencies?
It is fine actually that they are banning ico's on facebook because it is a social media that was made for people to show their wealth profile and job's , its like show casing everything you have socially and its not about politics or advertisements so its fine if they ban ico's advertisements.
its fine for you because you dont do bounty campaigns but for those who only earn bounty campaigns especially social medias, they were the one who got trully affected to this issue because they cant now do facebook campaigns due to this update.
but they can still do twitter and other social media campaigns if they wanted to and i guess the pay for other social media campaigns is also the same as the one on facebook.
Im also supporting the facebooks decsions regarding this ico ads , not because im anti ico but because those ico or other cryto ads are quite annoying most of the time because they are everywhwre, they seem to invade your screen everytime you browse facebook.