One year after banning all blockchain-related ads, Facebook has decided to relax its rules and allow ads related to “blockchain technology, industry news, news” and “news”. Cryptocurrency-related education or events" without requiring prior approval from the social media giant. The social media site does not yet allow users to advertise ICOs and cryptocurrency ads, and exchanges will still need to be pre-approved, but this initiative could spark renewed interest in the technology of the blockchain After the rise and eventual bust of the Cyrpto coin last year, the sector struggled to regain public attention, with blockchain events especially hard hit as local Facebook interests have made the social network an ideal place to sell tickets to potential visitors.Facebook's decision to ban ads on the blockchain came out of concern to protect its users from initial coin offerings and other cryptocurrency transactions. at the height of the boom.
Blockchain ads
Users have started seeing announcements for blockchain education this week and other related announcements will be incorporated into their feed soon. While Facebook has relaxed its blockchain advertising policy, it will soon ban the listing of contracts for differences (CFDs) from June 5, the latter of which is often associated with predatory behavior. News about the blockchain social media giant's efforts broke this week with a Bloomberg report revealing that its own blockchain group now has more than 50 employees, many of whom have joined the company over the years. through PayPal. Apparently, the group is developing a stablecoin that will be pegged to a set of coins that Facebook is trying to obtain from outside investors to keep the price of its cryptocurrency stable. Increased interest in the blockchain could benefit society as a whole, as companies large and small alike are looking for new ways to use the technology for payments, real estate transactions, etc. Via TechCrunch