Facebook Reverses Crypto Ads bans

Social Media Giant Facebook has just reversed its stance on banning all cryptocurrency ads from its network. ICOs are still banned and all crypto ads will have to undergo intense scrutiny before being approved but they are lifting the blanket ban and you will see crypto ads on facebook. I think there are two reasons behind this. The first being that there is just too much money in it for Facebook to ignore. The second being that Facebook is coming out with its own Cryptocurrency and it’d be really awkward if they couldn’t promote their own product. This is great news for the crypto world because part of the massive decline of Bitcoin price a few months ago was the fact that Google, Facebook, and Twitter all banned cryptocurrency ads from their networks. Now that I think one of them has turned face, the other two will feel the pressure to reverse their policy as well as there was really no sense in the policies in the first place. Hopefully, this will cause a big bump leading to an extended rally for the entire crypto market.

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