Facebook Bans Ads for Cryptocurrencies and ICOs Facebook's updated advertising policy mentions binary options, cryptocurrencies and ICOs. In particular, the ban includes advertisements that are directly related to the above-named products, as well as services "that are often associated with misleading practices," - writes the director of product management at Facebook, Rob Liesern in his blog.
Facebook bans ads for cryptocurrencies and ICOs
Facebook's updated advertising policy mentions binary options, cryptocurrencies and ICOs. In particular, the ban includes advertisements that are directly related to the above-named products, as well as services "which are often associated with misleading practices," writes Facebook Product Management Director Rob Liesern in his blog.Cryptocurrencies, including Bitcoin, Ethereum and Ripple, have gained significant popularity, leading to a large number of digital asset fraud schemes. While Facebook claims it wants people to “keep discovering and exploring” products and services from this category, “there are a large number of companies that advertise binary options, ICOs and cryptocurrencies without good intentions.”.
Liesern admits that the new lock is quite large-scale, while noting that it was made this way on purpose. Facebook will continue to improve its practices to combat false ads that mention cryptocurrencies, ICOs and binary options.
Over time, the company will revise its policies in this regard when its mechanisms for detecting malicious ads work better. Until that happens, Facebook encourages users to report all policy violations..
Recall that at the beginning of the month, Facebook founder Mark Zuckerberg hinted that cryptocurrency could also be integrated into his social network in the future..
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