Thursday, July 7, 2022

Facebook decides to re-evaluate Block Qin announcements


Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at

One year after all digital currency announcements were banned, Facebook decided to re-evaluate Block Qin’s announcements and certain currency-related events without prior approval.

According to TechCrunch, the change could be good news for the industry, which is struggling to attract attention again, following the collapse of the 2018 encrypted currency that has ravaged much of the public on this new financial technology.

Facebook’s goal of blocking was to protect users from fraud, as service providers had little accountability, and in January 2018 at the peak of the encryption craze, all block-related announcements were banned, but by June 2018, Prior approval.

When Facebook users are exposed to fraud, they not only blame the fraudster but also pour their anger on the social network, so Facebook announced the ban to prevent it from happening, until the ban was somewhat reduced from Wednesday.

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