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Why facebook ban cryptocurrencies ads

  • Thread starter Thread starter hani20980
  • Start date Start date
You can't really blame Facebook for this because they are taking every precaution to prevent their users from being scammed. There are lots of cryptocurrency scam, so I think they're trying to protect their users.
 
Chibson1 said:
You can't really blame Facebook for this because they are taking every precaution to prevent their users from being scammed. There are lots of cryptocurrency scam, so I think they're trying to protect their users.
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Seriously, Facebook is definitely doing their best to stop all these and it's even aggressive with how they ban people's accounts recently or place you under review for days.
 
Chibson1 said:
You can't really blame Facebook for this because they are taking every precaution to prevent their users from being scammed. There are lots of cryptocurrency scam, so I think they're trying to protect their users.
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They are really doing their job because if they dont ban the account ,its same users that would complain of getting scammed through facebook too i think.
 
hani20980 said:
As we know facebook doesn't accept cryptocurrencies ads when other similar platforms like twitter accept those ads normally
do you know why facebook ban crypto ads even that facebook create LEBRA which is a cryptocurrency ?
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It's Libra, but close enough.

And yeah, it is weird that they block other crypto ads, but I agree with them choosing to do so. Main reason why, is because a lot of cryptocurrencies suck, so you'll just see ad after ad of poor cryptocurrencies.

As well, Libra doesn't yet exist, it's just in the beginning stages, so who knows if it'll be any good.
 
Ehizzy1 said:
They are really doing their job because if they dont ban the account ,its same users that would complain of getting scammed through facebook too i think.
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It's very important to see those ads banned on Facebook because they have had a lot of people scanmed by these ads that are all fakes. It's a good move by Facebook.
 
tuna89 said:
The ban on the crypto ads were due to the increased scam in the crypto world, this is a major reason why fake airdrops make use of twitter and telegram to promote their scams, a nice move I guess.
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I agree with you totally because they're a lot of commas who are using the two currencies to scam people all in the name of cryptocurrency investment impact so many people who are starting up numerous cryptocurrency just to scam their potential investors.
 
People just want to scam others by creating fake ads via facebook.com. And facebook team saw it coming, they don't want to see their platform resembling that of telegram that is mainly for scamming purposes.
 
I don't think facebook ever banned crypto ads. I remember it did ban some ads relatd to airdrops of ICO because there was a lot of scamming going around.
 
Justin said:
I don't think facebook ever banned crypto ads. I remember it did ban some ads relatd to airdrops of ICO because there was a lot of scamming going around.
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I'm just sharing of this for the first time that cryptocurrency advert was banned by Facebook I'm not really sure about this statement and don't know whether it is really true.
 
Wow i was not aware there was a ban on crypto ads on Facebook, tho now that you mentioned it, i have never seen any ads about crypto on Facebook. Well they must have their reasons tho, maybe it goes against their policies.
 
Initially Facebook banned Crypto currency ads because a lot of scams were going around in the name of Airdrops and ICO. However, these days, you can see Crypto currency Ads on Facebook. The change came after Facebook started its own crypto currency project.
 
Yes, Cryptocurrency Ads have started popping up again. I believe the lingering issue back then have been resolved and Ads representing Cryptocurrency is displayed on FB.
 
They probably found out the rate at which crypto scams where growing and increasing too ,so I think they had no other option than to ban the use of cryptocurrency
 
hani20980 said:
As we know facebook doesn't accept cryptocurrencies ads when other similar platforms like twitter accept those ads normally
do you know why facebook ban crypto ads even that facebook create LEBRA which is a cryptocurrency ?
Click to expand...
Facebook has their own cryptocurrency. They have Libra as their own choice.

I still see cryptocurrency in Facebook pages or group. But I think it's not in ads because they are promoting their own cryptocurrency.
 
I think it's just not good for Facebook to ban crypto currency exchange Business at the very moment in the world. A lot of investors are already in the business so I don't see any reason why they will ban it
 
I don't think this ban on cryptocurrency ads is still active . Presently cryptocurrency companies have Facebook pages and they advertise their product there .
 
At this time the ban isn't effective cos at the current time, Cryptocurrency is advertised all over Facebook. It is resolved now.
 
hani20980 said:
As we know facebook doesn't accept cryptocurrencies ads when other similar platforms like twitter accept those ads normally
do you know why facebook ban crypto ads even that facebook create LEBRA which is a cryptocurrency ?
Click to expand...

Seriously, with the rate of scams that are going on through Facebook as a result of cryptocurrency especially bitcoin I was not really surprised that they had to ban it completely from the site because a lot of people have been duped.
 
I don't really know why they ban it because it was not stated by them but still it may be because they want to avoid scam because people ate been scam when it comes to crypto currency.
 
mikenova22 said:
i think its mostly because crypto has a lot of sketchy stuff, so they cant guarantee the ads arent for scams

but i think its too much to ban all ads.. they should just verify they are not scams and only allow those
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Seriously, I have every reason to believe that that ban of cryptocurrency ads on Facebook is very necessary because I have a friend who was scammed 5000 US dollars.
 
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