Facebook Rolls Back Ban on Cryptocurrency Ads

Facebook on Wednesday said it is loosening it’s ban on ads related cryptocurrency

As Per Facebook official blog “And starting 5 June, we will update our Prohibited Financial Products and Services Policy to no longer allow ads promoting contracts for difference (CFDs), complex financial products that are often associated with predatory behaviour. These products, due to their complexity, often mislead people. We’ll also continue to ban ads for initial coin offerings (ICOs) as well as ads for binary options.”

Facebook started the processof  blocking crypto ads promoting cryptocurrencies and initial coin offerings in January 2018 over concerns that users might be scammed by initial coin offerings offered by some crypto start-ups. The company loosened its ban in June to allow ads from advertisers who received prior written approval. Now, it is further rolling back the policy so that many types of ads will no longer require approval.

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