FACEBOOK TAKES A U-TURN ON CRYPTO ADS!
As there’s clearly too much ad revenue potential to ignore, Facebook is reversing its January ban on cryptocurrency ads.
The company says it will allow ads and related content from “pre-approved advisers,” but will still not allow ads promoting binary options and initial coin offerings.
the company said that its new policy would “improve the integrity and security of our ads, and to make it harder for scammers to profit from a presence on Facebook.”
According to the FTC, consumers lost $532 million to cryptocurrency-related scams in the first two months of 2018, Coindesk reported on Monday. And an agency official warned that consumers will lose more than $3 billion by the end of the year.
What do you think, is it a good step?
Hi Jatin
Thanks for the post, It is good step only beacause noe they are going through pre-approval process which will give control over advert. And ristrict those people who are giving cryto a bad shade by scamming people in scam coins through advertisement. This is a U-turn in right direction. Thanks for post it was a good read.
i think it is good
No doubt its a very good decision for facebook , and will help cryptocurrency world
Upvoted your nice post and following you
@jatinkkalra I hope they revoked the ban...it's very good for crypto lovers!!!
Good News & thanks for post
Facebook is also a whale which manipulates crypto market
Now people are understanding crypto currency
nice content bro. Looking forward for your next post.
small step but good for cryptocurrency
....
FB has only allowed CRYPTO Ads, ICO's ads are still banned.
Thats a good thing since many people try to scam people in to shity ICO using adverts. Facebook can't check if an ICO is scam or not.