Facebook bans ads for cryptocurrencies

abhishekkujur (25)in #cryptocurrencies • 7 years ago

WASHINGTON: Facebook says it is banning all ads related to cryptocurrencies in an effort to fight scams.

The social media giant said it is barring ads for "financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency ."

Initial coin offerings or ICOs are a way for companies to raise funds by selling investors cryptographic assets. Fraud is common in the world of red hot digital currencies such as bitcoin.

This week, for instance, the US Securities and Exchange Commission shut down an initial coin offering by a Texas company called AriseBank.

AriseBank was accused of relying on celebrity endorsers such as boxer Evander Holyfield and social media to cheat investors out of $600 million of its goal of $1 billion for a currency it called "AriseCoin."

#news

7 years ago in #cryptocurrencies by abhishekkujur (25)

$0.00

1 vote

Sort:

Trending

[-]

steemcleaners (83) 7 years ago

Hello,
We have found similar content: https://ph.news.yahoo.com/facebook-bans-ads-cryptocurrencies-081313267.html

Not indicating that the content you post including translations, spun, or re-written articles are not your original work could be seen as plagiarism.

These are some tips on how to share content and add value:

Using a few sentences from your source in “quotes.” Use HTML tags or markdown ">" before the quote.
Linking to your sources.
Include your own original thoughts and ideas on what you have shared.
It is recommended that the quotes should not cover more than 50% of the whole post. At least 50% of the content should be original.

Repeated plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the cheetah bot.

If you are actually the original author, please do reply to let us know!

Thank You.

More Info: Abuse Guide - 2017.

$1.88

3 votes