As previously reported by EtherDesk, Facebook is lifting its controversial ban on Crypto Currencies which accordingly would serve as for the “ invincible crypto revolution” again as per the world’s largest independent financial organizations.
CEO and founder of the deVere Group, ’Nigel Green’, addresses out in social media and tech giant on facebook reversing back its ban on digital currencies, adverts, and their promotions which would further trigger some big impacts for the crypto space in the crypto community. The statement of this ban from facebook was announced and introduced by the company in January amid concerns that adverts were used for illegal purposes and manipulating people with their investments.
As per Mr Green, “The lifting of this digital crypto ban must be welcomed. We respect Facebook’s good intentions behind prohibiting the adverts, as it was required at that time to stop the ongoing market manipulations, an outright ban on new concepts and innovation had indeed proved a positive or helpful stance.
“With the social media giant taking this big step, which is firing the global interests of the people’s again to think of a question that it could now also have its own crypto ambitions, I believe history will show that this decision to unban will prove to be another lift for the unstoppable cryptocurrency revolution, yet to come.”
He continues further : “The digital market has been in a thin territory over the last few weeks. Facebook’s step can be expected to help take it back towards the bulls again.
While there is likely to be hopeless opinions for a while, the practical investors are now even looking at the bigger picture, yet to arrive. For instance, Bitcoin, the chief digital cryptocurrency, is still 160% higher than the last year at this time.”