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Facebook Steps in the Cryptocurrency-Launching its own currency-Libra by 2020

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Facebook has finally discovered plans for a cryptocurrency referred to as Libra, one in all the worst-kept secrets within the history of virtual cash. On June 18, The Biggest Social media  Facebook  has released its long-awaited white paper for cryptocurrency and blockchain-based financial infrastructure projects. Libra, the new   cryptocurrency   will launch soon in next year and will be known as a stablecoin-Called Libra, the new currency will launch as soon as next year and be what’s known as a stablecoin — a digital currency that is supported by established government-backed currencies and securities. The objective is to avoid fluctuation in values. Libra will be used on facebook owns apps like Whatsapp, Messenger, and other standalone apps. This new digital currency will be linked to a basket of other top currencies like the US dollar and euro and as compared to other currency it will be cheaper and easier to transmit money. As per the latest news the cu...

Facebook Removed Ban on Crypto and Blockchain Ads

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After one year of restrictions, Facebook decided to remove the ban on cryptocurrency and blockchain based ads. In January 2018 Facebook the social media firm has been decided that the ads involving   blockchain technology , Educational information, industry news and event that are related to cryptocurrency have to take prior written approval before displaying add. But On May 8,  Facebook  updated its advertisement policy and announce that the restrictions on cryptocurrency and blockchain related ads have been lifted. However, it was also clear from Facebook that they will continue to ban ads on ICO (Initial Coin Offering) as well as ads from binary options due to the complexity and misleading to the peoples. As it confirms by Facebook that they are committed to preventing misleading advertising on a Facebook platform especially in the area of financial products and services. For the reason, people who want to advertise on cryptocurrency and related products like c...