Facebook Bans ICO & Cryptocurrency Ads

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Blockchain is the computerized, disseminated, and decentralized record supporting most digital currencies that are in charge of recording all exchanges without the requirement for a money-related middle person. For over a year now, digital currencies average market value has reached 100 times better gain than the S&P 500. With the cryptocurrency taking off, advanced monetary standards have been picked by a few financial specialists as their favored stock of significant worth.

Online networking monster Facebook declared that it would boycott cryptographic money related commercials, including Bitcoin, alongside initial coin offering (ICO) advertisements (an ICO is the digital currency version of an IPO). If we somehow happened to incorporate WhatsApp and the Facebook Messenger application, as well, we’re discussing four of the best seven online networking properties that won’t promote digital currencies or ICOs.
Specifically, that ICOs and digital currencies fall under Facebook’s prohibited financial products and services ads policy, anything related to promotion of “financial products and services that are frequently associated with misleading or deceptive promotional practices, such as ICO or cryptocurrency.”

The move comes a very long time after China and South Korea prohibited ICOs with the conviction that they were instruments for extortion.