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Telemetry Reactions to Facebook Crypto-currency Ad Ban

Facebook users will no longer be bombarded by cryptocurrency, the initial offer of coins and Bitcoin commercials on the social media platform.

prohibition of cryptocurrency, ICO or Bitcoin advertising – citing "financial products and services frequently associated with misleading or deceptive promotional practices".

Unfortunately, legitimate financial service providers will also be painted with the same brush. excludes all advertising of cryptocurrencies or related products on Facebook.

Non-compliant ads will be banned on Facebook, and on its Instagram partner platform as well as on its Audience Network advertising platform.

Technical Director Rob Leathern stated that the ban was intentionally broad in order to eliminate misleading and misleading advertising. 9003]

Social Media Responds

As usual, a look at the timelines of social media provides an interesting reading with differing opinions on the latest developments in the world. cryptocurrency space.

The Twitter user, Armin van Bitcoin, did some subtle research on Facebook founder Mark Zuckerberg, who recently made positive comments about Blockchain technology:

Another user just used the hashtag #decentralized as he asked why Facebook did the move:

Another user pointed out that many Facebook users have been fooled by ICO scams advertised on Facebook:

Meanwhile, Brian Haggerty said that Facebook's move does not make any sense. has nothing to do with Bitcoin – while the news has inevitably led to more fear, uncertainty and doubt.

Omar Bham speculated that the move could increase Google's tastes more advertising revenue with Facebook refusing to accept cryptocurrency advertising.

One user said that the move still had another opportunity for people to buy Bitcoin as the market price reacted to the announcement.

The first Tweet is probably the most telling because it highlights In early January, Zuckerberg said that he was "interested in going further and studying the positive and negative aspects of these technologies, and the best way to use them in our services. ". "

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The scams advertised on Facebook may have attracted credulous investors and it is right to stop such practices, but a total ban could also punish legitimate businesses that make progress in the field Development of different applications Blockchain