Facebook says the ban applies to all electronic money-related ads, including the sale of bitcoin diggers.
Facebook prohibits ads related to electronic money, ICO

The world's largest social network Facebook has announced the ban on ads related to the number because of the belief that these content is often confusing or fraudulent.

Although bitcoin has experienced a steep decline, from the beginning of 2017 to now, the price of electronic money has increased 10 times. However, the rise of bitcoin also makes many people doubt and fear of fraud. The US Securities and Exchange Commission recently frozen the assets of an $ 600 million ICO deal.

A spokesman for Facebook said the ban applies to all electronic money-related ads, including the sale of bitcoin digging equipment.

"We want people to continue exploring and learning new products and services through Facebook without risking fraud," said Rob Leathern, product manager for Facebook. Now many companies that advertise on binary options, ICO or electronic money are not very transparent. We will try to review such ads and then block them on the social networking sites of the company. like Facebook, Audience Network or Instagram.

Today so much FUD news, BTC down so much!
Hope we can stay still through all of this things

Bitcoin fall may not be related to that, it has got to do nothing with the bitcoin. The ICO is completely different thing and bitcoin is different. What getting advertised is the different projects of ICO an dtheir features to attract many people around the globe considering that Facebook has reached to each and every corner of the world.

If ICO advertises has dropped significantly on the Facebook platform then I’m pretty sure it should affect them as well as ETH currency. On the matter, ETH is the majorly accepted currency when we invest money into ICO projects. So major drop should be seen in the eth market and not the bitcoin market at all.

The ban on bitcoin by facebook will somewhere affect bitcoin investors. Many people find using Facebook more easy and feasible and at the same time they use to do their bitcoin investments and online businesses. So people doing bitcoin digging on fb will be affected to a great extent by this ban. Also it may affect bitcoin value.

Definitely a contributing factor in the recent price decline of Bitcoin. As more and more ICOs have emerged to be scams in recent times, it becomes hard to invest as nobody can be sure if fundraisers are legit or not.
The move by Facebook to completely ban ICO related ads comes as a welcome move as it is a platform with high exposure potential and they do not want their users to be victims of scams.

I think that's not the one factor why bitcoin is so dump now, there are too many reason not that the only thing banning bitcoin by facebook.
Remember that Chinese new year was almost there maybe that also the one factor why bitcoin in dip now, frankly speaking we all both know that no body knows what's the main reason of dumping bitcoin now so let's hope and pray that by next month it was fully recovered.

Yes if they are banning in ads of ICO's project in Facebook the first crypto currency will affected is ethereum not bitcoin.

I think this is not the reason of Bitcoin's fall. Banning of ads is not that big to give an impact to the fall. The real deal in this one is the usd tether. I'm not having much idea regarding this topic but I believe according to my colleagues this is the main reason of the fall. This took place at bitfinex I think? This is really bad look for btc right now.

I agree with some compliments here they just want to protect investors of some fraudulent Ico and i think one reason they ban ICO's ads because facebook will create New Token but the sad news here is there's a big impact on price action of bitcoin.

Facebook CEO  has said earlier in the month that he himself is learning how to decentralize facebook. Is it possible that he is temporarily putting a STOP on ICO promotion activity on facebook till his own platform (and possibly crypto) is ready ?

Yeah, saw the news, and yes this will definitely affect the crypto currency market including Bitcoin. But I hope this will not be a reason for the continuous decrease of Bitcoin's value.