BIG tech bans Crypto Ad - No need to panic

in #crypto6 years ago

Twitter and Facebook banned Cryptocurrency related ad. Google will introduce cryptocurrency related regulation in June this year. Facebook came first saying that such ads are related to ‘deceptive promotional practices’ though Facebook itself involves in deceptive practices. They pretend to be a good tech company which serves the interest of the people. Unfortunately, They are the most abuser of the user

Facebook said in a blog post:

there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith.”

We know that some ICOs are a real scam, and deceptive. We have seen a lot of fake companies scammed people. Some sorts of ICO regulation is good for the community. But this has to come from the appropriate authority.

Is there any reason to panic?

Though these tech companies are very big, there is no need to be panicked. Cryptocurrency and Blockchain technology is a revolutionary idea. Cryptocurrency or blockchain technology already pass the initial stage. Now a lot of people are well aware of cryptos. Ethereum, Bitcoin and Litecoin, No need advertisement. Price fluctuation of these cryptos make a great news. to me, There is no need to panic.

You can see my other Post


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Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
AMPSynereo0.189$-3.05%-27.2%
BTCBitcoin6791.330$1.58%-3.62%
ETHEthereum380.203$2.15%-1.46%
LTCLitecoin118.607$2.83%2.22%
STEEMSteem1.786$0.64%12.67%

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