Facebook- the social media giant has recently banned all ads relating to cryptocurrencies including ICOs and Bitcoin educational seminars. Moreover, even articles on cryptocurrencies can no longer be boosted.
Considering Facebook’s claims that it is doing so to stop the scams associated with some ICOs, it seems like a suspect reason and a poor excuse.
Based on that rule, every industry would have to be banned from advertising considering there isn’t an industry on the planet that doesn’t have any scams involved.
It’s obvious to everyone that Facebook has been pressured to stop the growth of cryptocurrency by the powers to be who many believe run the biggest financial scam, i.e. the US Federal Reserve and Central Banks’ reckless printing of money.
This is the very reason Bitcoin was created.
Recently it’s been reported that a group of early stage Bitcoin investors have had enough of Facebook’s antics and intend hurting Facebook where it hurts the most.