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Facebook ban cryptocurrency ads on its platform
Facebook has banned advertisements promoting Initial Coin Offerings (ICOs), Bitcoin such as crypto and binary options trading on its platform. These bans have been done on Facebook besides Instagram, Audiences Network, and Messenger.
Facebook said, "We want people to get information about new products and services through Facebook Ed without fear of scams or deceptions."
According to the news of the news, Facebook said in a statement that the new policy prohibits advertisements that promote misleading financial services and products.
Rob Lethern, Product Management Director of Facebook, said, "Many companies offer advertisements for binary options, ICO, and cryptocurrency, which is not much reliable at the moment."
The company said, "Two of our original advertising principles insist that ads should be safe, and for us, users are first. There is no room for misleading advertisements on Facebook. '
The Social Media Platform has asked the community of more than two billion users to report ads that are against Facebook's advertising rules.
