Facebook bans cryptocurrency ads and Shows where CLOUT is able to f...

Facebook, the worlds largest social media provider bans all Cryptocurrency, Initial Coin Offerings(ICOs), and Binary Options related ads on their platform.

Rob Leathern, Facebook Product Management Director states

"We’ve created a new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency".

He then goes on to say

"This policy is intentionally broad while we work to better detect deceptive and misleading advertising practices".

As a lot of you know there have been numerous scams exposed recently such as Onecoin, Bitconnect, Prodeum, and many others. This is where CLOUT is on track to step up and fill a major role in the market. Facebook (as big as it is), still can't actively monitor themselves & users, 1,500+ cryptocurrencies, and thousands more "financial products" in detail. CLOUT is intimately involved within the cryptocurrency community which allows us to filter out this type of stuff more naturally, because it's our area of expertise. Our team is positioned all around the world so we are literally working around the clock to bring you the very best user interface and features. We have been solely focused on building our fan base organically from inception and continue to do so today. This ban is both good and bad in our opinion. It's good in the sense that it will mean scams will have an increasingly harder time surviving with these implementations, while the legitimate companies will have to work even harder than ever before in order to be recognized now that they cannot simply create ads. We believe in dedication, and perseverance, that is how we've gotten to this point and continue to knock out milestones. As mentioned CLOUT has built an organic following, so this ban will not affect our progression. Thank you for our loyal supporters. Without you we are nothing, with you we aspire to achieve everything. Please follow us on all our mediums for the most up to date CLOUT news.

-CLOUT Team

CLOUT will be added to Hive account@hitbtc exchange tomorrow, February 1st.