Facebook scraps ads promoting cryptocurrencies and ICOs

According to the recent reports, Facebook has decided to ban all the ads promoting cryptocurrencies and ICOs, after the implementation of their new policy on advertisements. 

According to the company, the new policy prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency.


Rob Leathern, Product Management Director, in a statement, said, “Two of our core advertising principles outline our belief that ads should be safe, and that we build for people first. Misleading or deceptive ads have no place on Facebook.” The company does not want its users to fall for scams or any other deception through its ads, the statement said, adding that the companies that are advertising binary options, ICOs and cryptocurrencies are not currently operating in good faith....Read More

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