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The cryptocurrency market is ripe for scammers because it’s relatively new, backed by tons of hype, and involves complicated technology. It’s easier to dupe someone into investing in your ICO in 2018 than your fake real estate business—and plenty of people have. A cryptocurrency startup only needs a swanky website and an official-looking white paper. There are also plenty of services to help streamline the process: You can automate your token sale, or have someone write fake news articles hyping up your venture.
Here is the full story:
Facebook bans cryptocurrency adverts because so many are scams
Social network blocks initial coin offering ads as they are ‘frequently associated with misleading or deceptive promotional practices’