Facebook To Ban All CryptoCurrency Ads And ICO's
Facebook took a surprising step on the Bitcoins advertisement that made the Bitcoin prices flumped overnight. On Tuesday, the social media giant announced to put a ban on the adverts promoting the Bitcoins on the platform. The other reason for the Bitcoins prices getting slumped is the investigation done by US authorities against the online cryptocurrency exchange platforms.
According to Facebook's latest announcement the platform is putting a total ban on the cryptocurrency promoting advertisements. The company said that it will not allow the initial coin offerings (ICOs) on the platform as the Facebook users have already been the victims of the misleading advertisement and deals.
“We’ve created a new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, and cryptocurrency.” the company wrote.
The sudden hike in the Bitcoin price in last two months has made the cryptocurrencies-investment quite popular. This lead to the scammers targeting the users via cryptocurrency-invest adverts on the social media platforms. This sudden surge also comes with the disadvantages as people are feared to get involved in any kind of scam. Considering the user's safety, Facebook has decided to put a curb on the crypto-scammers with the ban on the adverts targeting the users. However, Facebook isn't the only one taking strong steps against Cryptocurrency hype. The Commodity Futures Trading Commission (CFTC) has summoned the Bitfinex and Tether for some legal investigation. Where Bitfinex is a popular Bitcoin trading website, the Tether is a platform that offers its own cryptocurrency to sell and buy Bitcoins in return for dollars.
There is no doubt that the Bitcoins are making news everywhere and successfully captured the attention of everyone. Whether it is Alibaba Co-founder, Jack Ma or Apple Co-founder, Steve Wozniak, all the tech leaders are sharing their thoughts on Blockchain and Bitcoins.
However, the ban on the cryptocurrency related adverts is a surprise after Facebook CEO, Mark Zuckerberg's recent opinions on the technology. He said that the cryptocurrency uses the decentralized system that takes power from the governing body and put it right back in the hands of people. Zuckerberg also shared that he would be deeply studying the cryptocurrency to find out how it can be used on Facebook.
I lost some money to binary option scam. But I was able to recover my funds. I'd advise no one to deal in binary option . They appear sketchy, incase you lost some funds, kindly contact wealthrecoverynow@gmail.com or contact on the website: www.wealthrecoverynow.com
ReplyDeleteICO rating
ReplyDeleteany issue with misrepresentation is kept to a base since cryptocurrency is computerized which can keep a switched or duplicated installment. crypto video
ReplyDeleteFacebook is reversing its ban on cryptocurrency advertisements and will now allow some preapproved advertisers to promote crypto businesses and services, like exchanges. have a peek here on iCOpulse site for more detail.
ReplyDeleteAm I a social individual?" If the appropriate response is no, at that point turning into an internet based life chief is presumably not for you... social networking site
ReplyDeleteThanks for a very interesting blog. What else may I get that kind of info written in such a perfect approach? Cryptocurrency tax software
ReplyDeleteThere are many binary options companies which are not regulated all around. Most of these offshore companies are not supervised, connected or affiliated with any of the regulatory agencies such as the Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA). Please If you have lost a reasonable amount of money to an alleged trusted broker, contact recovery expert now on paulmaslowizrecovery(AT)gmailDOTcom..
ReplyDeleteInbound marketing is a fast number to increase traffic on its website and create conversions to get new customers. instagram social marketing also the part of the best social media marketing...
ReplyDelete