Facebook Bans Ads Consisting Cryptocurrency

Facebook took a great initiative to ban the ads which promote cryptocurrency. Ads that violate the new policy will also be banned on Instagram. The new facebook ads policy is made to prevent scammers from taking the advantages of the users.

“We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception. That said, there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith,” said Rob Leathern, Facebook product management director.

Facebook took this decision one month after Mark Zuckerberg, said that we is examining cryptocurrencies.