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Facebook’s crypto ban is actually not a ban

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Facebook’s product management director Rob Leathern recently published a post about prohibited financial products and services on Facebook and included some parts of crypto market as well, for example they prohibited cryptocurrency ads like ” No-risk cryptocurrency” “Bonus on ICO’s and tokens”

The news spread into the crypto market like a wild fire and everyone started taking it in negative sense. Common perception about this announcement in market was that FB has banned all the crypto ads and ICO’s, which is wrong because there is difference between misleading ads and proper marketing campaigns, Facebook is not banning all marketing campaigns related to crypto market, they are only banning misleading content.

Rob Leathern, Facebook’s Product Management Director said 

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 FB.

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.

 

Facebook announcement

Facebook’s official announcement

“We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception. That said, there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith”

This policy is intentionally broad while we work to better detect deceptive and misleading advertising practices, and enforcement will begin to ramp up across our platforms including FB, Audience Network and Instagram. We will revisit this policy and how we enforce it as our signals improve.

This policy is part of an ongoing effort to improve the integrity and security of our ads, and to make it harder for scammers to profit from a presence on Facebook.

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EVAIO CEO/Founder Patrick de Potter with breaking news Faraday Future

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EVAIO CEO/Founder Patrick de Potter with breaking news concerning Faraday Future in interview of CryptoAcademy.nl

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Interview CryptoAcademy with Patrick de Potter of EVAIO

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During the Everitoken Event in Amsterdam, Jan Robert Schutte, cofounder CryptoAcademy with Patrick de Potter. Mister De Potter is Founder and CEO of EVAIO which is a decentralized platform for Electric Vehicles (EV). Patrick explains what is the unique proposition of EVAIO and how owners of Electric Vehicles can monitize their data:

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Crypto Trade of the Week: Buy Monero (XMR)

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Today, Monero (XMR) is Crypto Trade of the Week.  Monero is ranked number 10 ofn Coinmarketcap en has a ‘market cap’ of roughly $1,8 billion. Below, you can watch the Video of Jan Robert Schutte, Cofounder of CryptoAcademy

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