Facebook has created a new policy which effectively bans ads for cryptocurrency, as well as other financial products.
The reason for this policy change, Facebook says, is to honor one of its core advertising principles that ads should be safe. Ads for cryptocurrency are frequently tied to misleading and deceptive practices, the company believes.
Facebook’s new policy reads as follows:
”Ads must not promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, or cryptocurrency.”
Examples of prohibited ads include:
- “Start binary options trading…