Facebook bans advertisements for cryptocurrencies
Advertisers are now banned from promoting things like bitcoin and other cryptocurrencies, initial coin offerings — ICOs for short — or binary options.
Facebook announced a ban on advertisements for „binary options, initial coin offerings and cryptocurrency.” The blanket decision is part of the social media giant’s efforts to prohibit ads for financial products and services „that are frequently associated with misleading or deceptive promotional practices.”
„Ads must not promote financial products and Services that are frequently associated with missleading or deceptive promotional practices, such as binary options, initial coin offerings, or cryptocurrency.”, according to a Facebook Business official statement.
The price of Bitcoin dropped immediately after below $10,000 for the first time after the end of November. Bitcoin reached on december 16th, 2017, the highest price ever of more than $19.300.
Source: CNBC
Bitcoin price evolution in the last 12 months
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
