Facebook prohibits cryptocurrency ads

Facebook has announced a new advertising policy that prohibits the advertising of cryptocurrencies and initial offers of currencies ("initial coin offerings" or ICOs), as well as services that "promote financial products and services frequently associated with deceptive promotional practices".

apparently that was the cause of the fall of the btc today

Well given to frauds or phishing ads as it seeks to confuse users, offering ICO at low prices. Facebook has accompanied the announcement with its usual good words, ensuring that they want their users

"Learn about new products and services through ads, but without fear of cheating or fraud."

These new policies in your ads will be "intentionally broad," and will affect both the Facebook homepage and other social networks.

Facebook generalizes punishing all cryptocurrencies

Facebook Vs Cryptocurrencies

The cryptocurrencies have been on everyone's lips for a few months, and there are companies that are trying to take advantage of the ingenuity of the people to deceive them with suspiciously profitable offers and nice words about the great returns they are going to make. This, of course, is something that must be fought.

However, it seems that Facebook has chosen to generalize, so that companies that offer honest services based on the chain of blocks and cryptocurrencies can not be announced either.

A few weeks ago, Zuckerberg himself referred to cryptocurrencies and encryption as technologies that take power away from centralized systems and give it to users, although he considered that they came with certain risks that are difficult to control. Facebook represents those centralized systems that have the power, so it does not finish surprising its radical positioning either.

In that post, Zuckerberg also said that he would study these technologies to see what positive aspects can be derived from them. Today's movement does not confirm anything, but many speculate that it could be the first step to pave the way to a hypothetical cryptocurrency of its own. We will have to be vigilant to see what happens.