To Cryptocurrency world, it’s a happy hour as facebook finally lifts the advertisement ban. Earlier this year, facebook banned all Cryptocurrency related ads from their platform including Bitcoin which others like twitter, Bing, Google and snapchat followed their lead. However, Facebook on Tuesday made a great announcement which noted that the ban have been lifted while some policy has been introduced.
In other to get your Cryptocurrency related ads placed on facebook, companies will need to be pre-approved and offer proof they have licences or are traded on a public exchange, the company said.
“Given these restrictions, not everyone who wants to advertise will be able to do so,” Facebook product management director Rob Leathern said in a statement.
“But we’ll listen to feedback, look at how well this policy works and continue to study this technology so that, if necessary, we can revise it over time.
The banning of crypto-related business wasn’t for wickedness rather it was Done to minimize users from being scammed. As you can see this days, Fraud is common in the world mostly targeted to the red-hot digital currencies such as Bitcoin.
Initial coin offerings used by some startups to raise billions of dollars won’t be able to advertise on Facebook.