Facebook is now banning all advertisements for cryptocurrency, including Bitcoin, and (ICO) initial coin offering as part of Internationally Broad policy against deceptive marketers. According to Rob Leathern (Product Management Director), “Two of our core advertising principles outline our belief that ads should be safe, and that we build for people first. Misleading or deceptive ads have no place on Facebook.”

Facebook created a new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices.

According to Leathern, “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.”

The Facebook also stated that they may not catch every ad that should be removed under the new policy, and address the netizens to report the content that violates our Advertising Policies. “People can report any ad on Facebook by clicking on the upper right-hand corner of the ad.”

Leathern also stated “This policy is part of an ongoing effort to improve the integrity and security of our ads, and to make it harder for scammers to profit from a presence on Facebook.”

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