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Why Facebook Is Banning All Ads Promoting Cryptocurrencies Including Bitcoins

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Virat Singh
Why Facebook Is Banning All Ads Promoting Cryptocurrencies Including Bitcoins

Yes, you heard it right the Facebook is banning all advertisements which promote Crypto Currencies even those including Bitcoins.

Just a few days back, Facebook announced that they will be keeping a track on all the advertisements which advertisers use to mislead its users.

And most of these ads are of financial products & services which are using deceptive and misleading promotional practices.

And after a rigorous research, it was found that many advertisers are even using cryptocurrencies like Bitcoins to deceptive promotional activities.

So according to a Facebook post, from now on no advertiser even those with legal and legitimate businesses will be able to promote things like Bitcoins, ICOS, binary options and initial coin offerings.

Advertisements that violates Facebook’s core policy will be banned on Facebook and even on the Facebook core app.

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Virat Singh
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