Facebook To Allow Ads For Cryptocurrencies, Maintains Ban on ICOs

Five months after banning a number of ads on its social network, Facebook has updated its "prohibited products and services policy" allowing crypotcurrencies to once again be advertised (but not ICOs or binary options).

image courtesy of CoinTelegraph

Facebook's Product Management Director, Rob Leatham explains:

In January, we announced a new policy to “prohibit ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency.” At the time we also made clear that “this policy is intentionally broad while we work to better detect deceptive and misleading advertising practices... We will revisit this policy and how we enforce it as our signals improve.”

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.

Advertisers wanting to run ads for cryptocurrency products and services must submit an application to help us assess their eligibility — including any licenses they have obtained, whether they are traded on a public stock exchange, and other relevant public background on their business. Given these restrictions, not everyone who wants to advertise will be able to do so. But we’ll listen to feedback, look at how well this policy works and continue to study this technology so that, if necessary, we can revise it over time.

It’s important that we continue to help prevent or remove misleading advertising for these products and services. So please continue to report content that violates our Advertising Policies by selecting “report ad” in the upper right-hand corner of any advertisement.

For now, no immediate reaction in crypto-prices...

Comments

Cryptopithicus Homme halcyon Tue, 06/26/2018 - 16:59 Permalink

I've done some research into the allegations against Brock Pierce.  He was never named by the young victims as an abuser or someone who participated in rape. He was investigated and let go.  At best, Brock made some poor choices about who he associated with around 1998 - 2000.  At worst, he knew about child abuse and failed to report it.

In reply to by halcyon

rejected Cryptopithicus Homme Tue, 06/26/2018 - 14:45 Permalink

"No, Satoshi Nakamoto does not translate to central intelligence.  No, NSA did not have anything to do with the creation of crypto-currency and Bitcoin. "

Yea,,, you keep on a believen that,,,, prole. 

-------------------------------------------------------------------------------------------

 

"According to a report by the Intercept on Tuesday, the media outlet has obtained classified documents from the U.S. whistleblower Edward Snowden which indicate bitcoin surveillance remains a top priority for the agency.

Documents further hint that the NSA's agenda may go beyond just tracking the bitcoin public ledger, with the agency actively analyzing global internet traffic and scraping softwares to undermine the pseudonymity of users."

https://www.coindesk.com/nsa-reportedly-eyes-to-scrap-bitcoins-anonymit…

In reply to by Cryptopithicus Homme

lookslikecraptome rejected Tue, 06/26/2018 - 15:14 Permalink

"Note the use of an NSA algorithm as part of the creation of a cryptocurrency like Bitcoin is not definitive proof unto itself, however we do know from dissemination's provided by the likes of Edward Snowden and Julian Assange (Wikileaks) that many of the NSA's algorithms are and were infused in the coding, firmware, and hardware of most devices and systems to be able to provide themselves a backdoor into nearly every electronic platform."

http://www.thedailyeconomist.com/2018/01/1996-nsa-white-paper-not-only-…

Note permission from the NSA    http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/ns… .

Then consider Fox Acid Surveillance software developed in 2008. The Nsa is only gonna get better in ten years. 

crypto homo has a hard time with reality

 

I do realize the CIA is Not the NSA. But that is a silly distinction to make

In reply to by rejected

CoCosAB Tue, 06/26/2018 - 14:25 Permalink

ICO's are being used* much like the stock market! Its main goal is to rob dumb assholes!

 

*Few can be placed in the "non-financial terrorism" watch list!

BitchesBetterR… Tue, 06/26/2018 - 14:32 Permalink

from whom did I hear the "Wealth Redistribution" expression........hmmm 

 

that's right!!  It was the Magic Negro AKA the Kenyan homo AKA OBOZO!!!  

 

that means is going to get you broke at some point!! 

rejected Tue, 06/26/2018 - 14:39 Permalink

Last hurricane many only took cash,,, some actually would take gold coin. Many power outages,,, cell phones inop,,, anything digital inop. Many people really pissed as they could not purchase groceries or fuel. Finally some of the grocery stores gave in a little and allowed a certain amount to be charged until they could batch it. 

Considering BC as an alternative to cash or gold is about as stupid as it gets. First thing to go is power. In a war most infrastructure will be destroyed. Even if you had the power and infrastructure the NSA types would be monitoring everything. 

Good luck! 

hanekhw Tue, 06/26/2018 - 14:55 Permalink

When are they opening the market for 'The Force' then? Their adherents are all FOR diversity, everyone one from little green frog-like creatures who can battle great big scary Caucasians wearing black to mental defective likes Jar-Jar. They data mine using happy thoughts too........