Facebook Crypto Ads Blocks Doesn't Work

Advertisement about "BlTC0lN" pass thru the Facebook filter, using the "L" instead "i" and Zero instead "O"
06 February 2018   132

Last week, Facebook banned the advertising of crypto, ICO and binary options. Despite this, users continue to see ads from the banned list. A representative of the social network, in response to a request from the Motherboard portal, confirmed this information.

Facebook told about the ban last week in a blog post. More specifically, the company said it was banning advertisements for “financial products and services that are frequently associated with misleading or deceptive promotional practices.” This included cryptocurrencies and ICOs but also financial tools like binary options. Facebook stated that the ban is “intentionally broad,” and may be fine-tuned later.

Getting around spam filters, bans, or otherwise trying to trick consumers with little typos is a long running practice.

Wyoming Passed Bill Exempting Utility Tokens from Securities Laws

The Wyoming House of Representatives has unanimously approved a bill exempting utility tokens from securities laws  
20 February 2018   79

On Monday, House Bill (HB) 70 passed the House 60 to 0 and will now head to the Senate. The bill exempts utility tokens from securities laws. This will attracts ICO’s launches to the state and will make the state a favorable environment for blockchain startups.

According to the bill, the utility token must meet three conditions:

  1. The token’s issuer must not market it as an investment;

  2. The token must be exchangeable for goods and services, for example, startups must have a working product or service at the time the tokens are issued;

  3. The token’s issuer must not actively make efforts to create a secondary market for the token by entering into a repurchase agreement or agreeing to locate buyers for the token.

It is important to note that there are four more cryptocurrency and blockchain-related bills currently moving through the Wyoming legislature.

HB 19 passed the House of Representatives on Monday and is now awaiting introduction in the Senate. The bill exempts cryptocurrency from the state’s money transmitter act.

HB 101 has passed its second reading in the House and, if it passes its final hearing, will then go to the Senate. This bill will allow companies to create and use blockchains for the purpose of storing records and conducting inter-office communication.

HB 126 has just passed its second reading in the House. It will allow the creation of series LLCs.

Senate File (SF) 111 passed a vote to introduce on Friday and is now headed to a committee hearing. This bill will exempt cryptocurrency assets from state property taxes.