Facebook to ban cryptocurrency-related ads

Thursday, 1 February 2018 00:00 - - {{hitsCtrl.values.hits}}

Reuters: Facebook Inc said on Tuesday it will ban ads promoting financial products and services tied to cryptocurrencies and initial coin offerings.

“We’ve created a new policy that prohibits 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,” Facebook’s Product Management Director Rob Leathern said.

The new policy will be implemented across its platforms, including Facebook, Audience Network and Instagram, the company said.