Facebook Cracks Down On Crypto Ads

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Wed Jan 31, 2018 1:51 am

Facebook Cracks Down On Crypto Ads

In an announcement on Tuesday, January 30, 2018, Facebook said it will no longer allow ads that have “misleading or deceptive promotional practices,” which apparently includes ICOs (Initial Coin Offerings) and cryptocurrency advertisements. In the blog post, FB stated many crypto companies offer financial stocks, but may not be doing it “in good faith”.

In an effort to make it “harder for scammers to profit,” they have decided to ban all crypto related ads all together. The post also asks anyone who sees any ads that may have slipped through to report them back to Facebook.

https://cointelegraph.com/news/facebook ... -practices

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Wed Jan 31, 2018 2:33 am

Ah, it's more kind a of egoism than crack down on scammers.

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