2018-6-27 14:39 |
News
Facebook is lifting its ban on cryptocurrency ads which went into effect in January.
After months of evaluation, the company decided to allow some crypto ads on its platform.
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Facebook’s Product Management Director, Rob Leathern, posted updates Tuesday to the company’s “prohibited financial products and services policy.”
In January, Facebook announced the policy to “prohibit 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,” Leathern explained.
The first option is “Cryptocurrency products and services.” The second option is “Education on cryptocurrency” and the third option is “Cryptocurrency industry news.” However, the company reiterated, “As a reminder, initial coin offerings (ICOs) are prohibited under our Prohibited Financial Products and Services Policy.”
The second question asks whether the applicant has a Facebook Ad Account ID.
What do you think of Facebook allowing approved crypto ads?
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