Can You Advertise Crypto on Facebook or Instagram_
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Can You Advertise Crypto On Facebook 
Or Instagram
Cryptocurrencies have gained a fair amount of popularity, people are now 
investing in it and are actively looking for platforms from where they can do a sale 
and purchase of cryptocurrencies. Despite being a popular investment medium, 
many social media platforms have laid stringent policies pertaining to online 
advertising of cryptocurrency investment. 
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The reason is pretty simple: social media platforms like Facebook and Instagram 
have made it mandatory for companies to seek permission when it comes to 
advertising news about cryptocurrencies or other financial investment. The reason 
is obvious, despite its growing popularity, cryptocurrencies have still not been able 
to be a part of the mainstream. There is a lot of apprehension surrounding its 
longevity and credibility.
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Often when we speak about cryptocurrencies, then we think that’s it’s all about 
Bitcoin, Ripple, Ethereum, or Litecoin. But, here we would like to say that there are 
thousands of other cryptocurrencies which are worthless.
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A lot of these coins are fake or parodies. The ROI that the companies promote in 
lieu of spending in their cryptocurrencies. These companies promote their coins on 
different websites as guest posts, and blogs. ICOs or Initial Coin Offering is one of 
the best ways to invest in cryptocurrencies. This makes it easy for small investors 
to invest in cryptocurrencies and earn profits. However, a lot of people fall prey to 
it, and many people have fallen prey to ICO scams.
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The end objective of coin scammers is to expand their userbase, make more and 
more people use their coin, and in return, they make money out of it. Hence, many 
social media platforms and other websites are working on removing 
cryptocurrency ads. Facebook has recently joined the league.
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Facebook’s and Instagram take on advertising cryptocurrency :
As we have discussed above that many people, fall prey to these scams and 
hence social media platforms that have millions of users. It is very easy for 
cryptocurrency companies to reach out to millions of people with ease, thus 
creating a greater proportion of people falling prey to scams. Hence, Facebook 
has taken some stringent actions.
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The news came out in June 2018, when Facebook announced the banning of 
advertisements, it mentioned that advertisements must not promote any financial 
products and services which are associated with deceptive promotional practices 
like initial coin offerings, or cryptocurrency and binary options.
 
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The only objective is to ensure that the users of Facebook or any other social 
media platform are not deceived or get scammed.
Facebook also talks about the following:As per the cryptocurrency products 
and services ads policy, companies who are planning to run advertisements for 
promoting cryptocurrency, or cryptocurrency mining software, or hardware or 
cryptocurrency investment advice must first be eligible for it. They need to get the 
approval form Facebook, and once they get this approved, they must also ensure 
that the advertisement must not be misleading.
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But when it comes to an advertisement promoting Blockchain, cryptocurrency 
news, or events or payment methods or digital payment tools or even 
merchandise do no require permission.
The crux is that companies and advertisers that adhere to the policies of the 
company; they can promote it on social media platforms.
To get more such interesting information and updates, connect with Blockchain 
council today.
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