Facebook has announced new advertising policies which ban ads for cryptocurrencies such as Bitcoin. The ban also applies to ICOs because they are “frequently associated with misleading or deceptive promotional practices.”
The social networks says that the new policies are part of a drive to improve the “integrity and security of financial product and services ads,” but it explains that it is keeping its guidelines “intentionally broad” to start with.
Facebook concedes that it will almost certainly fail to catch every questionable cryptocurrency ad, and encourages users to report any which they feel breach the new policies.
Source/More: Facebook bans ads for cryptocurrencies and ICOs