I guess you remember when Google, Facebook, and then Twitter announced their intention to cut off all the publicity related to cryptocurrency. More recently, Microsoft has joined the fight against crypto ads. But, cryptocurrency ads bans are inconsistent and irrational. Let me explain to you why!
The argues behind the cryptocurrency ads bans
As all the big players such as Google, Facebook, Twitter, and Microsoft said, the cryptocurrency ads bans came to protect users from getting scammed because there are many cryptocurrency-related scams that would’ve been promoted via Google Ads, Facebook Ads, and so on.
As CryptoDaily put it in an elegant manner, wouldn’t be better to educate the public regarding the cryptocurrency instead of directly cutting off crypto-related ads?
However, Google, Facebook, and the others thought it would be wiser to directly ban cryptocurrency ads instead of promoting only those reliable projects that could educate users about the cryptocurrency’s world.
Cryptocurrency ads bans are irrational
First, Google, Facebook, Twitter, and Microsoft banned cryptocurrency ads but each one of them has its own interest in cryptocurrencies. As the BTC Manager said, cited by CryptoDaily, “both Facebook and Google have issued statements that show their interest in cryptocurrencies, specifically their underlying blockchain technology. This raises the undeniable question – Are the prohibitions on advertising much more than a decision motivated by the concealment of fraudulent activities?”
On the other hand, all the before-mentioned companies adopted cryptocurrency ads bans but still allow gambling ads, porn-related ads, and others.
Good job, guys!
Cryptocurrency ads bans are inconsistent
What Google, Facebook, Twitter, and Microsoft have not understood yet is that cryptocurrencies market is now a part of many people’s lives, therefore, it can’t be ignored. As you can see when you visit a crypto-related site, there are plenty of cryptocurrency ads provided by advertisers others than Google Ads, Facebook Ads, and so on.
Also, on social networks, you might bump into some links that are not ads but still direct you to crypto-related sites. And guess what? The majority of these ones are reliable and not scams.
In conclusion, cryptocurrency publicity cannot be stopped by cryptocurrency ads bans adopted by Google, Facebook, Twitter, and Microsoft, and, most likely this ban thing will be ditched sooner than you expect.