Home Cryptocurrency Facebook lifts ban on cryptocurrency related ads
Cryptocurrency - June 27, 2018

Facebook lifts ban on cryptocurrency related ads

Bitcoin

Facebook has lifted its ban on cryptocurrency related ads. The company in an updated privacy policy suggested that only Initial Coin Offerings associated ads will still be abolished. Facebook in January promised that the company “will revisit this policy and how we enforce it as our signals improve.”

Seemingly the conditions currently prove right for Facebook after looking into the best way to refine their policy while ensuring the safety of users is maintained.
The ban on binary options and ICO’s still stand as they were. The ban was reinforced because the financial products were “frequently associated with misleading or deceptive promotional practices.”

Read Also: Facebook is now rolling out autoplay video Messenger ads

To the cryptocurrency companies though, Facebook has tightened their rules behind the promotion. Stringent reviews will be performed before a company is allowed to advertise. Advertisers will need to apply for a review of eligibility.

The companies will be required to submit “any licenses they have obtained, whether they are traded on a public stock exchange, and other relevant public backgrounds on their business.”

And it gets even tighter because Facebook will consider reviews importantly to review the policies at any point. Users can give feedback on the Ads by reporting and providing reviews on the same.

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