There is no denial of the fact that until last year Facebook was just a hard nut to crack when it came to advertising crypto products as well as Blockchain related stuff on its platform. In fact, in June 2018, Facebook literally imposed a rule for those who wished to advertise crypto products on its platform that they must get written approval first.
Moreover, Facebook actually ensured this rule to the world by its own words which were “If the landing page includes a prohibited product, like an initial coin offering (ICO), we will reject it.”
Not a NO any more
Well, its quite rightly said that Change is the only constant thing. This proverb seems to be completely fit for Facebook’s current scenario.
Facebook no more seems to be too strict for the crypto as well as blockchain ads. In a recent blog post on Wednesday, Facebook pointed out that it has come across enormous feedbacks of the majority of the population since it shut down its crypto advertising.
The same social media platform that imposed strict rules of ensuring a written approval for those with crypto ads now has to say something different. Here is what Facebook mentioned in the post :
“While we will still require people to apply to run ads promoting cryptocurrency, starting today, we will narrow this policy to no longer require pre-approval for ads related to blockchain technology, industry news, education or events related to cryptocurrency.”
Well, TIMING is the biggest Dilemma:
While Facebook quite easily changed its rules for the matter, on the other hand, the majority of the population is still in a dilemma with the timings of Facebook to come up with this idea.
The dilemma exists because this announcement came across in a scenario when Facebook itself is looking for a major investment worth $1 billion to fund its Stablecoin Project which is called Project Libra. It was also revealed as per the CNN report Facebook is connecting with heavyweights such as Mastercard as well as Visa to get that the required investment