Facebook might ban Cryptocurrency related ads

Facebook is banning advertisements for cryptocurrency including Bitcoin, ICO (Initial coin offerings) etc as

By Sandeep
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Facebook which is a social network website is planning to ban all the advertisements for Cryptocurrencies. As we all know that the Cryptocurrency like Bit Coin has been in news lately due to its increase in demand.

 
Facebook might ban Cryptocurrency related ads

As per some reports Facebook is banning advertisements for cryptocurrency including ICO (Initial coin offerings) etc as "intentionally broad" policy against the misleading marketing. The effect of the ban could also be seen its other platforms including Instagram, Audience Network and Messenger.
The reports further suggest that the new policy will stop the ads which promote financial products and services that are mostly associated with misleading promotional content.

 

As per the report on the Verge Facebook want people to discover and learn about new products and services of Facebook without any fear of scam or any misleading content. It is also being reported that there are numbers of companies advertising ICO,Cryptocurrencies and other binary options. Facebook's policy is claimed to have a broad impact on banning the misleading advertisements similar to Cryptocurrencies.

Facebook might ban Cryptocurrency related ads

The Guidelines which are used by Facebook to stop Cryptocurrency encourages its users to report any ad that might have not been detected. For example if you see an advertisement on Facebook like "Use your retirement funds to purchase Bitcoin" you should immediately report the advertisement.

Facebook is allowing ads that have sensitive financial topics with some restrictions and it requires written permission for any real gambling or gaming service. Users aver 18 years only can be targeted with such ads. It is also being speculated that the legitimate cryptocurrency will also get a similar treatment

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Facebook might ban Cryptocurrency related ads

A user can easily report an unwanted ad simply by clicking the upper right-hand corner of the advertisement. We would suggest our users to stay alert while surfing the Facebook and if any Cryptocurrency related advertisement appears, report that ad by clicking on the upper right hand corner of the ad.

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