Facebook bans bitcoin and cryptocurrency ads

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Facebook bans bitcoin and cryptocurrency ads	Topics in this article Facebook Crypto. Yet given that Facebook generates revenue from advertisements, banning all cryptocurrency-related ads may not have been a great financial decision. Bitcoin prices had already begun falling in the second half of December , but it was only the following month that altcoin markets saw their own all-time highs. Among the ads targeted are those from " crypto-genius " James Altucher, a digital currency evangelist who's been featured on media outlets like CNBC. Emad Hasan, another former Facebook employee, said the new policy will also be a boon for start-ups working on blockchain, which is the technology used to make cryptocurrencies work. As Bitcoinist reported , praise of scaling solution the Lightning Network rapidly evolved into full advocacy, with Dorsey promising the technology would ultimately come to both Twitter and his payment platform Square.
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Facebook lifts ban on some cryptocurrency ads
Facebook has banned adverts for Bitcoin and other cryptocurrencies on its sites after recent criticism from users about scams and hoaxes being promoted in. Facebook (FB) said Tuesday that it's banning advertisements for bitcoin, initial coin offerings and others related to cryptocurrencies. Facebook is banning all advertisements for cryptocurrency, including Bitcoin and initial coin offerings, as part of an �intentionally broad�.