Facebook prohibits any ads that promote cryptography, including bitcoin, in an effort to prevent people advertising what the company calls "financial products and services that are often associated with misleading or deceptive promotional practices."
That means no advertisers - even those who run legal and legitimate businesses - will be able to promote things like bitcoin and other crypto - cryptococcus, initial coin offer - ICO for short or binary options, according to a Facebook blog post.
It also means that James Altucher's "crypto-genius", whose ads have appeared all over the internet and has become a sort of meme for the entire crypto industry, will not be able to advertise on Facebook.
Ads that violate the company's new policies will be banned in Facebook's core apps, but also elsewhere where Facebook sells ads, including Instagram and its ad network, Network Viewers, which place ads on third-party apps.
"This policy is deliberately broad while we work to detect better and misleading advertising practices," writes Rob Leathern, one of Facebook's advertising technical directors. "We will review this policy and how we implement it as our signal improves."
The boom / boom of cryptocurrency has led to costly fraud and wild price fluctuations - including unsophisticated investors - a lot of money. Fraud is illegal, but gambling on investments you do not understand is not true.
Look for blowbacks from entrepreneurs and investors who argue that such actions unfairly punish legitimate cryptocurrency companies and related crypto products. Facebook's board of directors includes two investors - Marc Andreessen and Peter Thiel - whose firms have prominent crypto proponents. The Facebook Messenger boss, David Marcus, is also on the board on the popular crypto coin exchange.
That explains it! I was trying to help a friend out, i told them about steemit and how i am making digital currency with it, and i put my link, and when i sent it, it immediately got labeled as spam, and wouldnt post.
hello brother,,, i have just upvoted your post... please followback and upvote my post...