Babar Khan Javed
Jan 31, 2018

Facebook forbids cryptocurrency ads

Taking on the likes of the Bitcoin, Facebook has officially barred advertisers of cryptocurrency from using its social network as an awareness platform.

Following its crackdown on advertisers that rely on engagement baiting, Facebook is barring ads from shoddy financial services businesses.

Facebook will not allow any cryptocurrency exchange to advertise on its platform.

The annnouncement detailed that the new policy would prohibit ads associated with misleading or deceptive promotion practices such as ICO's, binary options, and cryptocurrency.

Acknowledging that not all cryptocurrency is harmful or deceptive, Rob Leathern, Facebook's product management director said that the company wants to lower risk for its users.

The change comes just days after...

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