Facebook is Now Reversing Its Ban on Cryptocurrency Ads

Facebook banned all crypto ads on the service back in January, around the height of the bitcoin price surge, to prevent people from promoting “financial products and services frequently associated with misleading or deceptive promotional practices.”

About the ban policy, Facebook Bussiness writes:

In the new move, advertisers that are approved by Facebook through an application process (which can be viewed the advertising ban as unfair, some blockchain startups welcomed it, arguing that it largely served to weed out bad actors in the space, rather than punish legitimate organizations. Arran Stewart, co-owner of Job.com, a recruiting platform that utilizes blockchain technology, said. 

“The only people who are going to be worried are the people who don’t have good intentions. if you allow these bad apples to remain, you lose consumer confidence from the masses.”

Read More: Facebook Messenger Boss David Marcus To Bring Blockchain to Facebook

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