Facebook has updated its policy to allow cryptocurrencies to once again be advertised, while upholding its ban on the promotion of initial coin offerings (ICOs), in an announcement published Tuesday, June 26.
Today’s announcement says the company has been looking into the best way of “refining” its blanket ban on cryptocurrency-related advertising “over the last few months,” in order to “allow some ads while also working to ensure that they’re safe.” Facebook’s revised “prohibited products and services policy” now states: “Starting June 26, we’ll […] allow ads that promote cryptocurrency and related content from pre-approved advertisers.
But we’ll continue to prohibit ads that promote binary options and initial coin offerings.” The newly updated policy requires advertisers wanting to run ads for cryptocurrency products and services to submit an application to allow Facebook to assess their eligibility.
It also states it will continue to “study” the technology underpinning cryptocurrencies as it continues to develop its policy.
Facebook first introduced its ban in January 2018, which it said was designed to prevent “ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices.” At the time, Facebook stressed that its initial policy was “intentionally broad,” to allow the company time to hone measures to detect and prevent unscrupulous promoters.
Social media giant Facebook has officially relaxed its policy on prohibited financial products and services, now allowing Cryptocurrencies to be advertised on the platform if the advertisements do not contain information regarding Initial Coin Offerings (ICO’s) or binary options.
Facebook is easing its ban – sort of – on ads related to cryptocurrency. Facebook, however, won’t allow advertisements for initial coin offerings or binary options. For example, Facebook asks whether companies have the relevant licenses in order to operate, or if they are a publicly-listed company. Facebook has also published a legal addendum outlining its
Facebook has reversed its ban on cryptocurrency ads and will now permit pre-approved advertisers to promote crypto-related services on the social networking platform. Facebook Reverses Ad Ban Facebook will permit crypto-related businesses like exchanges to advertise, but will still prevent the associated (and somewhat controversial) crowdfunding method of initial coin offerings (ICOs) from being promoted.
Facebook has updated its policy to allow cryptocurrencies to once again be advertised, while upholding its ban on the promotion of ICOs and binary options
Android Emulator Andy user, TopWire’s chance discovery of GPU miner Trojan allowed him to mine cryptocurrency with no one to detect him or stop him. Apparently, Topwire’s revelation on Reddit, had no response from the developers of the Android emulator.
Due to the notorious volatility and unregulated nature of cryptocurrencies, many organizations and even governments are jumping on the bandwagon to ban them. As we move further into 2018, even the big tech firms are starting to put their foot down on crypto advertising.
Bitcoin cloud mining has gained popularity as a way to earn cryptocurrency without the hassle of managing physical mining equipment. With numerous platforms vying for user attention, each offering various contracts promising attractive returns, the choices can quickly become overwhelming.
Digital lending involves borrowing & lending cash using platforms like mobile applications, lending sites, and cryptocurrency. The concept has attracted attention as it is quick and easy, removing the reliance on financial institutions such as banks.
This month Bitcoin. com launched two services that help facilitate bitcoin cash adoption and crypto remittance via email. In a recent video on June 5, Bitcoin. com’s Roger Ver showcased gifts.
From video games to fizzy drinks, teens have their own spending agenda. Raised in the digital age, generation Z also has a special sense of freedom, a product of unrestricted access to the internet and mass availability of new technology.
Traveling for the Christmas holidays is something anyone would enjoy. Dealing with travel arrangements, however, can be a headache. For crypto enthusiasts, being able to pay for airplane tickets, hotel bookings and car rentals with cryptocurrency is a relief, because it’s convenient and it’s safe.
Debit cards linked to crypto wallets have been a useful payment tool for users who want to be able to spend their cryptocurrencies almost anywhere. Offerings in the segment have been changing over time due to various reasons including regulatory challenges in different markets.
