news<\/a> that People\u2019s Bank of China was moving to clamp down on its bitcoin miners and that South Korean authorities were preparing legislation to ban cryptocurrency trading. But Facebook\u2019s announcement hasn\u2019t helped either.<\/p>\nDespite the Facebook cryptocurrency ban, though, the platform is not anti-bitcoin. Founder Mark Zuckerberg said this month that cryptocurrencies will have an important role to play in the future of his company, he just needs to figure out what that is.<\/p>\n
“There are important counter-trends \u2026 like encryption and cryptocurrency\u00a0that take power from centralized systems and put it back into people’s hands,” he wrote in a post on Facebook.\u00a0“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.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Facebook has banned all advertising related to cryptocurrencies and ICOs over concerns that its users are falling victim to scammers. The publicity surrounding the meteoric rise (and recent decline) of bitcoin had left users\u2019 pages bombarded with ads from cryptocurrency \u201cexperts\u201d selling books or newsletter subscriptions offering investment advice, or publicizing the very latest ICO. […]<\/p>\n","protected":false},"author":42,"featured_media":68860,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,19],"tags":[],"acf":[],"yoast_head":"\n
Facebook Cryptocurrency Advertising Ban Over \u2018Get Rich Quick\u2019 Scams<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n