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RE: If Some Guys Are Selling Bad Doughnuts, Should We Ban Flour? A Few Thoughts On Facebook Crypto Ban, Stupidity And Mars Colonization

in #crypto7 years ago

THey may be banning advertisers, but they are still showing suggested posts for their own crypto groups. Note that they also banned binary options ads. I don't think this is a direct attack on crypto because FB feels a threat. Rather I think it's an attack on asset classes deemed speculative and subject to increased regulations, as well as increased scrutiny from the government to those promoting such assets. FB doesn't want to be associated as it could leave them open to lawsuits and fines (bad for business). And it could be partially driven by the recent Bitconnect fallout, or even by the SEC action against Arise Bank, which is far more troubling than the FB move, though less publicized.

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Note that they also banned binary options ads.

Oh well :))))

In my opinion the ban is due to the increase of Malware attacks in the Crypto world, hope everything will be fine because this can effect the Steemit Promotions.

Stay Blessed.