Facebook Reverses Ban on Cryptocurrency Ads

Facebook has updated its policy to allow Cryptocrans to advertise once again during a ban on the promotion of initial coin offerings (ICO) in an announcement published on Tuesday, June 26.

In today's announcement it has been said that the company is looking at the best way to "refine" its blanket restriction on advertising related to cryptocurrency in the last few months, so that some ads can be used to ensure that they are safe Are there. "

For the new update policy, advertisers need to run ads for cryptocourrency products and services so that the application can be submitted to allow Facebook to assess their abilities. Applicants have been granted "any license, whether they are doing business on public stock exchanges, and other relevant public backgrounds on their business."

Given these restrictions, Facebook acknowledged that "whatever advertisement wants to do, it will not be able to do so." The company says it will listen to feedback and "if necessary" will modify its policy over time. It also says that it will continue to "study" the technique of reducing cryptocoors as it continues to develop its own policy.

Facebook introduced its ban for the first time in January 2018, which was stated that "it was designed to stop products that promote financial products and services that are often associated with misleading or misleading publicity practices."

At that time, Facebook insisted that its initial policy was "deliberately widespread," so that the company's timing could be allowed to meet the measures to identify and prevent dishonest promoters.