Is Facebook against Bitcoin?

[ComeBack]

At first I think they don't really like bitcoin or crypto but there's a news I don't know if it's true that facebook will really going to make their own currency now which is we will consider that they starting to like the bitcoin too.

[emma.lee1890]

I agree if Facebook prohibits Bitcoin from becoming an advertisement on social media. Not that Facebook is fighting Bitcoin, but there are strong reasons behind it all. That is, Facebook suffered a huge loss due to inflation and a sudden strike in the price of Bitcoin and other cryptos. That is the basis for Facebook to ban Bitcoin advertising on social media.

There are too much crypto advertisements all the time so I think if he decides to ban it it will affect Facebook rating.

[emma.lee1890]

Facebook will not be against Bitcoin because Facebook seems to think that crypto is at least legal. I think Facebook need payment every advertiser. But they do not want to encounter scam, so they are trying to protect for users.

Facebook is not against bitcoin just that they try to regulate the content posted on Facebook as it concerns cryptocurrencies.

[emma.lee1890]

In my opinion, maybe Facebook wants to protect its community from ICO guise fraud. because, as we have seen, since the ICO explosion, many ICO frauds have sprung up.

But then i don't know why that they stopped to publishing suddenly. That was the very bad act for the crypto market and made the prices go down. But then again they changed their minds and started to public again last month. So i think that they are not sure is it good or bad..

[wokee12]

Imagine of facebook accepted cryptocurrencies or maybe they created own cryptocurrency based on blockchain, wow look good

[emma.lee1890]

I think facebook ban Cryptocurrency advertisement because some project was reported as scam/fraud, they also have restriction about spamming post like other social media like twitter that may lead to your accounts deactivation

the decision was wrong and the lost a lot of money but didn't protect users because ICOs found the ways to overcome the ban.

[emma.lee1890]

As far as I remember, Facebook made a ban on advertising ICO and cryptocurrency for the reason that there were too many fraudulent projects, but after they decided to release their cryptocurrency, they became more loyal to ICO advertising.  But they were never against bitcon!

if it was against it the CEO wouldn't have allowed cryptocurrency campaigns to be advertised on that platform

[emma.lee1890]

Facebook and other social media platforms might also have had faced huge losses due to inflation and sudden strikes in the price of Bitcoin and other cryptos.

Is there any other data that you can provide to support this claim?
As far as I know, Facebook is not against bitcoin. It is only against advertising ICOs in its platform due to complaints by their users. If it is against Bitcoin, all crypto-related facebook groups and pages should have been banned and deleted by now.

We can not blame them for sure Mr. Zuckerberg wants to protect his own creation to be tools in some illegal activities using crypto. Hopefully, someday they stop to banned crypto because facebook is a great social media to use to introduced Cryptocurrency.

[emma.lee1890]

Facebook stopped advertising post about cryptocurrency some months age. Now i heard from a recent news that Mark Jukarbarg is willing to permit advertising about cryptocurrency again.

Because some people use bitcoin to make a fraud and scam people and that's why of this people the image of bitcoin bad to others. Facebook aware what's going in crypto thats why some ads need to ban in Facebook for the better of the people.

[bdsharminsoltana]

I think I’ve heared it few months ago that Mark Zuckerberg wanted to ban cryptocurrency advertisements on facebook for some reasons but then I still see ICO promotions and trading and other crypto related posts. There are too much crypto advertisements all the time so I think if he decides to ban it it will affect Facebook rating.

[yousufatik]

I wouldn't say that Facebook is against Bitcoin but they are very cautious and trying to protect their users.
Having in mind how huge user network they have, they have some responsibilities. And the great deal of money that is coming from advertising. But some crypto adds might be connected with scams and they don't want to have anything with that or take some responsibility.
There are also some rumors that Facebook is going to launch its own currency although I don't believe much in that.

[deenar]

Facebook and other social media platforms might also have had faced huge losses due to inflation and sudden strikes in the price of Bitcoin and other cryptos. That can also be the reason for them to not accept and allow Bitcoin and others for paid advertisements.
Facebook is not against Bitcoin but rather intends to avoid the situation of misleading its community members through its paid advertisement. Users of Facebook can post crypto and Bitcoin related topics on Facebook without any penalty.

In my opinion, Facebook block adds of crypto currency. They worry about scam.