Tuesday, June 8, 2021

Is Facebook looking to ban cryptocurrencies again?

Elijaboom, a Twitter user, wrote on social media that the Facebook app does not allow him to send an insidebitcoins.com link to a friend in Turkey. [...] https://www.pinterest.com/pin/1085437947660215829/

Elijaboom, a Twitter user, wrote on social media that the Facebook app is not allowing him to send the insidebitcoins.com link to a friend in Turkey. He noted that it looks like the reason is the word "Bitcoin". Is Mark Zuckerberg going to war against cryptocurrencies again? Mark Zuckerberg and company are hitting BTC again? Facebook, the social media giant, although itself planning to issue Libra - its digital currency - is still trying to censor Bitcoin and cryptocurrency related sites, it seems. It appears that related posts are in violation of the community's guidelines.   The Facebook user in question received an error message when attempting to post a link, followed by a warning from which he learned that he could not post a link due to a violation of community guidelines. It is unclear whether Facebook has again updated or changed its community guidelines prohibiting the promotion of cryptocurrency content. The last public update on this issue was on June 26, 2018, when the platform introduced a complete ban on advertising about digital currencies and ICO initiatives. The origins of the disagreements Facebook's problems with cryptocurrencies began during the ICO boom in 2017. Many ICO projects used ads on social media platforms to promote their tokens. Unfortunately, a good portion of them turned out to be duds or outright scams. And that's why Mark Zuckerberg announced that his company was blocking ads for cryptocurrencies. Then, at the same time as the company announced plans for Libra, the ban was formally lifted. As you can see, however, the issue is not entirely clear. Does an attack on cryptocurrencies make sense? Facebook has over 845 million regular users. Many of them communicate with their friends almost only through the portal. However, such a restriction, concerning cryptocurrencies, would be a slight blow to the market. Another thing is that it would again be associated with censorship and scandals concerning the use of data by Facebook. And this is something that the company does not need. It's hard to say whether the incident described on Twitter (a platform that is very open to BTC) was just a single incident or if it's part of Facebook's new policy. We will know the truth soon enough. If you experience similar problems, please write to our editors. Tags facebook bitcoin Facebook Mark Zuckerberg cryptocurrencies ban on facebook

No comments:

Post a Comment