President of RACIB: Russia Forced Facebook to Lift Crypto Ads Ban

June 29, 2018

The president of the Russian Association of Cryptocurrency and Blockchain Yuri Pripachkin stated, that RACIB will not drop suits against several companies, that banned the advertisement of cryptocurrencies, although the largest social network in the world Facebook banned cryptocurrency and ICO ads in January. 

Pripachkin believes that several IT companies conspired against cryptocurrency and noted that a joint suit filed by Russian and Swiss cryptocurrency associations forced Facebook to review their policy on crypto ads.

On June 26 Facebook partially lifted its ban of digital currency ads. The social network still prohibits advertising of ICOs.

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