Jesse Damiani , Contributor I cover the human side of VR/AR, Blockchain, AI, Startups, & Media. Opinions expressed by Forbes Contributors are their own.
A Facebook Inc. logo sits on display at Station F, a mega-campus for startups located inside a former freight railway depot, in Paris, France, on Tuesday, Jan. 17, 2017. Facebook will open a startup incubator at Paris's soon-to-debut entrepreneur campus created by billionaire Xavier Niel, as Chief Operating Officer Sheryl Sandberg vows to keep investing in France. Photographer: Christophe Morin/Bloomberg
Social media giant will no longer allow ad platform to be used to promote "financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, or cryptocurrency."
On Tuesday, Jan. 30, social media giant Facebook announced in a blog post that it would be banning all advertising related to cryptocurrencies.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
Product Management Director Rob Leathern explained that though this is not intended to reflect Facebook's stance on the cryptocurrencies, but rather to remove the possibility of scams and bad-faith actors using the platform to manipulate users.
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.
He goes on to show the new official policy here:
Facebook
Facebook's new advertising policy regarding cryptocurrencies.
As shown above, phrases like, "New ICO! Buy tokens at a 15% discount NOW!" and "Click here to learn more about our no-risk cryptocurrency that enables instant payments to anyone in the world" are now deemed unfit for the social media platform.
Leathern also explained that this policy "is intentionally broad while we work to better detect deceptive and misleading advertising practices, and enforcement will begin to ramp up across our platforms including Facebook, Audience Network and Instagram."
Tuesday 30 January 2018
January 30, 2018
Facebook Bans All Cryptocurrency Advertising, Including ICOs, Bitcoin And Ethereum - Forbes
Jesse Damiani , Contributor I cover the human side of VR/AR, Blockchain, AI, Startups, & Media. Opinions expressed by Forbes Contributors are their own.
A Facebook Inc. logo sits on display at Station F, a mega-campus for startups located inside a former freight railway depot, in Paris, France, on Tuesday, Jan. 17, 2017. Facebook will open a startup incubator at Paris's soon-to-debut entrepreneur campus created by billionaire Xavier Niel, as Chief Operating Officer Sheryl Sandberg vows to keep investing in France. Photographer: Christophe Morin/Bloomberg
Social media giant will no longer allow ad platform to be used to promote "financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, or cryptocurrency."
On Tuesday, Jan. 30, social media giant Facebook announced in a blog post that it would be banning all advertising related to cryptocurrencies.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
Product Management Director Rob Leathern explained that though this is not intended to reflect Facebook's stance on the cryptocurrencies, but rather to remove the possibility of scams and bad-faith actors using the platform to manipulate users.
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.
He goes on to show the new official policy here:
Facebook
Facebook's new advertising policy regarding cryptocurrencies.
As shown above, phrases like, "New ICO! Buy tokens at a 15% discount NOW!" and "Click here to learn more about our no-risk cryptocurrency that enables instant payments to anyone in the world" are now deemed unfit for the social media platform.
Leathern also explained that this policy "is intentionally broad while we work to better detect deceptive and misleading advertising practices, and enforcement will begin to ramp up across our platforms including Facebook, Audience Network and Instagram."
Blockchain Technologies (blockchaintechnologies.com)
ReplyDeleteBlockchain Technologies is a huge static content website that covers practically every single question you might have about blockchain. Additionally, the site also has a news section where stories from the largest cryptocurrency news blogs are gathered.
I added this site to this list of the 27 best cryptocurrency blogs for three main reasons. The first is that the content is absolutely amazing. It is very obvious that the writer spent A LOT of time researching about cryptocurrencies. Secondly, the UI of the website is astonishing. The colors are very well picked, the site charges in the blink of an eye and it is completely responsive. And finally, although the Blockchain Technologies blog has a couple Ads, it is very clear that the main objective of the site is to inform, and not to just make money with visitors.