Bitcoin’s price experienced a drop on Tuesday night following Facebook’s announcement that it would ban any adverts which promote cryptocurrencies. The ban will also include those promoting ICOs (initial coin offerings).
Facebook is banning all cryptocurrency- related ads, including those involving bitcoin, claiming that such ads are “frequently associated with misleading or deceptive promotional practices”.
Product management director Rob Leathern, posted on his blog that this decision isn’t final, as the rules will be revisited when Facebook has improved its mechanism of removing bad ads.
“We want people to continue to discover and
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