facebook_ban_bitcoin


In what has all the earmarks of being another progression by Facebook towards checking the spread of phony or deceiving data, the social mammoth's Product Management Director, Rob Leathern, has declared that the stage will boycott all promotions identified with beginning coin offerings (ICOs) and digital forms of money.
In an official announcement, the company emphasizes one of its core principles, which is to provide a safe experience for users and protect them from misleading or deceptive ads. The statement then goes on to explain that Facebook will now be prohibiting ads related to a wide range of financial products, including but not limited to binary options, ICOs and cryptocurrencies:
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.

Given how more than $4 billion was raised by means of ICOs amid 2017 alone, and the way that they remain to a great extent unregulated regardless of their developing inescapability, ICOs are the ideal open door for tricksters and fraudsters hoping to exploit their developing prominence. 
Besides, since Facebook is, by a long edge, the most famous online networking stage for publicizing (with 2+ billion month to month dynamic clients), it is normally the medium of decision for a wide range of advertisements, including ICOs and new digital currency new businesses. 
Pointing at awful performing artists in the money related space, Leather composed:
We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception. That said, there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith. 
Interestingly, Facebook founder Mark Zuckerberg recently commented on cryptocurrencies, and spoke favorably about their potential to curb centralization and give the power back to the people.

“I’m interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services,” he wrote in a Facebook post early January.

With Facebook now cracking down on cryptocurrency ads, legitimate projects may also bear the brunt of the prohibition and will have to explore other avenues for reaching out to potential users and investors. 
Bolbhai

Bolbhai

I have been a developer for last five years working experience in different technology, apart from this I loved traveling, blogging and exploring the crypto world.

Post A Comment:

0 comments: