Facebook changing its policy towards cryptocurrency ads, what does this mean?
As many of you have heard by now that on June 26th Facebook decided to relax it's ban on ads for cryptocurrencies.
In a blog post, Facebook announced that they'll allow only "pre-approved" cryptocurrencies to advertise on Facebook, but they still will not allow ICOs or binary options to be advertised.
Any cryptocurrencies looking to advertise on Facebook will have to submit an application and get approved before they can be advertised.
So what does it mean for the crypto world?
Well... In my opinion this is a major step towards mass adoption of cryptocurrencies. We're definitely not there yet but we're taking babysteps.
This move by Facebook might push the market into the greens (ATHs) and out of the blood bath that we've seen in recent months. This might just be the push we need.
What do you guys think? Leave your comments below 😊
If you'd like to read the full announcement by Facebook, follow this link : https://www.facebook.com/business/news/updates-to-our-prohibited-financial-products-and-services-policy
This is great news for crypto community , it will helps to boost new project . first they ban then legal , do you think they are try to manipulate market ?
Yea I think they're definitely trying to manipulate the market
Exactly. This may affect on price of crypto. It might be possible we can see lift in crypto.
Yap I think so. Market was dumpeddd due to some fud & fb policy was also effect some how. Because this is one of the biggest social media platform where we can advertise freely. What do u think @persevere ?
Yea I agree which is why I think this change in policy is a first step to getting rid of fud
Is it really true...If it happens than the a landing plateform of advertising loss for crypto..
Nice detailed post bro.
@preservere according to my opinion the case of baning bitcoin ads was fully planned and after removing the ban is also planned to fall the price of btc
Why do you think it will drop?
Nice post bro
Excellent news for crypto world
Your content is really good and i like it . I have upvoted you in return to your upvote, hope you follow me too..
Let's continue to connect and build a relationships together on Steemit and bring value to eachother!
really true good job