Facebook said it will block all ads on its platform that involve digitally encrypted currency, including bitcoin, in an effort to discourage advertisers from promoting ads that the company calls "financial products and services often associated with misleading and deceptive promotion" .

Obviously! It is true Facebook is officially announced in the website. I think many companies are promoting the Facebook via but they don't spend any investment in social medias so Facebook should regulate the advertisement. It is draw back of Facebook campaign and many promotors are affected in this news. This is actual status in the crypto market.

I have read a post about it in coindesk.com. It says "Social media giant Facebook has unveiled a new policy that bans advertisements involving bitcoin and initial coin offerings, among others."  The news link is (https://www.coindesk.com/facebook-banning-advertisements-bitcoin-icos/)

I believe this is a attempt to dishonest the whole crypto currency that is taking over the different platforms. Mr. Mark seems to be jealous (I think) and do not like the idea of decentralised platform really.

Lately there has been launch of many social platforms which are based on the decentralised block chain but Facebook never liked the idea of it as its killing the market of the Facebook with the full fledge.

There is social, nexus and many more platforms which are crowdfunding based along with he premium services of crypto based tokens. Im sure they are getting feel for that and doing this all to protect the monopoly of Facebook.

Really? they are banning all advertisements regarding to cryptocurrencies yet they are planning to create their own cryptocurrency?

Although the advantage of this is to lessen the scam ICO from getting investors. As well as stop promoting HYIP programs. But this would be sad for those who have legit projects which gain support from facebook users.

I just hope they would get a better result for this.

ohh thats why I dont see some bitcoin post in my fb account now..I think this is a bad Idea for us because facebook is used by many, this is the site having the largest numbers of netizens. Facebook can help a lot in promoting bitcoins to be known by many. There were many scammers in facebook and they use both facebook and bitcoin to scam but there were also some ads on facebook regarding bitcoins that can help us. I found this news soo sad.

According to facebook, they are just trying to protect their users,  because of too many ICO and there's no clear regulation about upcoming ICO.
more details: https://www.ccn.com/facebook-takes-aim-at-icos-cryptocurrencies-in-new-ad-guidelines/

Do you think it's temporary or permanent?

This is the news link is (https://www.coindesk.com/facebook-banning-advertisements-bitcoin-icos/)

"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." - Rob Leathern Facebook's Product Management Director.

This will really affect those who are in Facebook campaigns but its their way to protect their users. I really hope its just temporary. 

It wouldn’t surprise me if they were going to put out there iwn cryptocurrency. But then it could be part of a wider plan - a lot of FUD out there right now, this guy is adding to it. Its not like they care or have morals when it comes to advertising money, remember the russian bots and all fake news stories from estonia - they never pulled them cause there were creating traffic. Lets see

On January 31 in 2018
Facebook has banned ads that promote bitcoin and other cryptocurrencies in an effort to protect its users from “financial products and services frequently associated with misleading or deceptive promotional practices."