Crypto Ad Ban Reversal: Does it Point to Facebook’s Plan to Embrace Blockchain?

David Drake, Founder & Chairman, LDJ Capital With increased interest in cryptocurrencies globally, companies in this industry are continually seeking ways to market their brand. As such, social media platforms have become major spaces for advertising crypto-related products. In the beginning, social media giant Facebook, alongside other tech giants like Google and Twitter, allowed ads on cryptocurrencies and initial coin offerings (ICOs) to run on their platforms. This was not to go on for long, because in January of this year, Facebook became the first social media platform to ban cryptocurrency ads, including ICOs, on its platform. Though credible ICOs,…