An insight into Facebook’s ban on crypto ads

Must Read

President Ram Nath Kovind appoints new governor for Kerala, Telangana, Himachal Pradesh and Maharashtra

President Ram Nath Kovind appointed new governors for Maharashtra, Kerala, Telangana, Rajasthan, and Himachal Pradesh on Sunday. https://twitter.com/ANI/status/1168037199767457792 Former Union Minister Kalraj...

NRC list for Assam released; Fear looms as 19 lakh people face exclusion

NRC (National Register of Citizens) for Assam has been published at 10 am today. The final list excludes over...

Lateral Entry Era Begins as Union govt. appoints 9 professionals to Joint Secretary posts

The government has appointed its first batch of private professionals to the post of Joint Secretary in various ministries....
Satish
Currently pursuing BBA, stating in the Capital. Over the past couple of months, experience in preparing marketing campaigns, technical news articles and written content for some exciting blockchain-backed projects.

This week started with an immense move against the misleading ads published around Facebook. They planned and accordingly banned the ads related to Bitcoins and other cryptocurrencies advertisement. Some way or the other, this is totally true for those who found so many irrelevant ads wandering around their Home Page.

CEO of Facebook

Few of the announcements and declarations projected the scenario, that includes the concealing of the future digital payment technology. Further, people went confused as they couldn’t understand why Facebook tends to overlook other scams in their social network advertisements. Not even clear policies for them!

A fair statement,

“Two of our core advertising principles outline our belief that ads should be safe, and that we build for people first. Misleading or deceptive ads have no place on Facebook.”

This simply shows the intention to protect the user. Suddenly another statement thrashes the decency,

“We’ve created a new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, and cryptocurrency.”

Initial coin offerings, cryptocurrencies and the binary option doesn’t seem to be misleading or deceptive at all. This is the statement of the CEO on January 4, 2018,

“With the rise of a small number of big tech companies — and governments using technology to watch their citizens — many people now believe technology only centralizes power rather than decentralizes it.There are important counter-trends to this –like encryption and cryptocurrency — that take power from centralized systems and put it back into people’s hands. But they come with the risk of being harder to control. I’m interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services.”

Consequences could be anything, they might introduce a full stop to all the financial products and services leading false advertisements. Maybe it could be a swipe-up so that they could get the clear picture of the technology. Even they can get themselves to the payment system. The possibility could be anything to every extent. But the aim should be just to sort out the good from the evil and represent the world.

- Advertisement -

Latest News

US calls for credible elections in Afghanistan

Washington/Kabul, Sep 19 (IANS) The US said that it hopes the Afghan government and electoral institutions make all necessary...

Oracle to have more Cloud regions than AWS by 2020: Ellison

San Francisco, Sep 19 (IANS) Oracle Co-founder and CTO Larry Ellison has announced that his company will have more Cloud regions globally than Amazon...

Automakers urged to join California emission deal

San Francisco, Sep 19 (IANS) US Senators have urged more automakers to join four car companies in signing a deal with California to meet...

29 booked for mid day meal scam in UP

Lucknow, Sep 19 (IANS) Nearly 29 persons have been booked for a massive scam in the mid day meal (MDM) scheme in three...

Chinmayanand in hospital after victim demands arrest

Shahjahanpur (Uttar Pradesh), Sep 19 (IANS) Former Union Minister and BJP leader Swami Chinmayanand, accused of raping a student, has been admitted to Shahjahanpur...
- Advertisement -

More Articles Like This