I also wonder why Facebook is forbidden to advertise ICO, as this will obviously reduce facebook income, because facebook is a good medium for advertising. And this makes people afraid to invest in bitcoin.

Facebook's stand on this matter is somehow understandable since there are lots of ICOs being introduced everyday and we have no way of telling which of them are legit and which are scams. But I think banning of advertisements will not hinder them from reaching their target markets, imho. And their plans aren't quite clear to me (not sure if I missed something). Are they planning to filter every users' posts and delete ico related posts or completely ban those who keep on posting? Or is it just limited to the ads section? Because we all know that almost, if not all, bounties are having social media bounties including facebook. It's not as if they can really monitor every posts of their users and filter it unless they will use hastags or something that can be classified them as an ico advertisement. And fyi, I can still see ICO in the "Suggested Post" section in my fb mobile.

Hi,

Indeed, ad is banned... Pretendingly for users to be protected from scams and frauds.. I guess that Fb and its creators are proud to know a lot about their users.. If they start using anonymous system this knowledge will eb harder to get...

And maybe there are other explanations.

For ICOs indeed it can be a hard challenge to face... Because everyone goes on Fb so it is a wonderful source of ad! But just like Microsoft and other tech giants, Fb is reluctant towards disruptive changes that happen once they are settled!

Yes, I confirm this news legitimately revealed by Facebook recently. Its all because of, most ICOs ads contents found deceiving and hyip.

Right! Facebook is forbidden to advertise bitcoin and what is related to bitcoin. That affects bitcoin. But I do not think too much. If bitcoin builds trust and safety for players. They will find themselves bitcoin. No need to go through facebook.

what will happen if Facebook prohibit ad cryptocurrency. I think they pass the action is wrong, see a lot of social media promote crypto, such as Twitter, Telegram, Reddit, medium etc. maybe it would make the reduced enthusiasts crypto to log into Facebook.as one of the greatest social media facebook should take a policy that is wise enough.but we will be hard to predict everything in the business world.

I think is a good thing for us, we can post more about cyptocurrency in social media rather than making it as advertisement. Also, crypto community has a potential of becoming a more profitable than Facebook itself. They remove also the advertisement on crypto to reduce the risk of being 'scam' specially on newbie who wants to invest on bitcoin. We shouldn't worry about this Facebook move on this, we still have another way to advertise bitcoin.

That is right. I think the crypto currencies investment is still very risky. So it is better to be invested by the experienced and informed users, not general public.

I will support this time. This decision by Facebook will affect those scam ICOs. Facebook has said that they will protect the people from those fake icos and it might not increase ur money but at least let u not loose money

They banning all ads because they wanted to prevent people from advertising what the company is calling “financial products and services frequently associated with misleading or deceptive promotional practices.”