Crypto news: Facebook was a false alarm
Recently news: Facebook Backpedals, Reverses Ban on Crypto currency Ads
I just was joking.
What happened
Facebook has announced that it revises its ban on all social media crypto ads.
It is about revision of Facebook's cryptovalute policy, not about the removal of politics.
They further clarified:
"In the last few months, we’ve looked at the best way to refine this policy — to allow some ads while also working to ensure that they’re safe. So starting June 26, we’ll be updating our policy to allow ads that promote cryptocurrency and related content from pre-approved advertisers. But we’ll continue to prohibit ads that promote binary options and initial coin offerings."
So,cryptocurrency-related services and businesses, such as exchanges, will now be allowed to run ads.
How is comes was the change?What's changed in the meantime. Nothing.
Perhaps they have given up their own crypto currencies, so eliminating competition them is no longer necessary?
But the second thing is more important to us
Many people hoped that the ban was one of the main culprits for the price cuts.The prohibition was partially abolished.
Unfortunately, nothing happened.
It seems that Facebook and the team are not guilty for fall down Bitcoin prices.
Or is this too short time to see we the effects of lifting the ban.
We not forget And a ban on Google and Twitter, wich more are on to force. We will see whether Google and Twitter, which generate much of the revenue from advertising sales, will also review their policies.
Hi @crypto-mammoth
Lately Mark didn't look so happy any more. Great post. Easy to read.
ps.
Just accidently bumped into your profile just to realize that we seem to share a number of interests :)
In particular that we both share a similar passion towards cryptocurrencies and blockchain technology :)
big fat upvote on the way! :)
I will follow you closely :)
Take care, Piotr
Crypto is both work and entertainment and life and science - all in one.
@crypto-mammoth Facebook's founder Mark Zukarbarg did not stop advertising of cryptocurrency, if Facebook's cryptocurrency advertising is actually what's the loss of Facebook ??????? Need to file a complaint against Facebook, but Facebook and one day again cryptocurrency's advertising, but there is a little late to come, days, steemit community, what do you say ???
Hi @milanm
I think it's better to let Facebook in peace.
It is never good to fight with a much stronger than yourself.
( If I understand the question well? ).
Ok @crypto-mammoth sir, I something understand,, thanks for the help sir,, you vote me, comment's me, I same
I guess, maybe Facebook team realised that they are losing user base so their revenue dropped, which led to revising their decision on crypto ban to refresh its money pool on the new ads revenue.
I absolutely agree with you @z3ll
At the end of the day it's always all about money, isnt it?
Yours
Piotr
First money.
And I think they have to take care of the company's image.
Yet this decision is quite violent and not in the spirit of the free market.
The reasons for her"s adoption are quite "thin".
It is seen from the plane that the real reasons are "something else".Fear of something.
Yeah, fear exactly, fear of people waking up to censorship, discrimination and brainwashing.
If you it is the product advertises, the sales better.
So now it should happen with the traffic of the crypto currency.
I hope.