Categories: ICO

Facebook has reversed its ban on cryptocurrency ads after less than 6 months

Click here to view original web page at
Facebook CEO Mark Zuckerberg.
  • Facebook has reversed its ban on cryptocurrency ads after less than six months.
  • The ban was announced in January, but Facebook said it now wants to "refine" the policy.
  • Companies can submit an application form to be approved for advertising by Facebook.
  • Ads that promote binary options and initial coin offerings are still prohibited.

Facebook has reversed its ban on cryptocurrency adverts, and will now allow pre-approved businesses to promote certain services.

Facebook banned all crypto ads in January of this year, with a policy that was designed to be "intentionally broad." At the time, Facebook Product Management Director Rob Leathern suggested in a blog post that the world of cryptocurrency was untrustworthy.

"We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception," he said.

Leathearn released a new blog post on Tuesday explaining Facebook's decision to allow some advertising of cryptocurrency services. "In the last few months, we've looked at the best way to refine this policy to allow some ads while also working to ensure that they're safe," he said.

Leathearn did not say why Facebook has reversed its ban. Business Insider has contacted Facebook for more information.

Facebook's policy now requires advertisers to submit an online application so that Facebook can assess their eligibility by scrutinising "any licenses they have obtained, whether they are traded on a public stock exchange, and other relevant public background on their business."

Not all cryptocurrency services are in the clear, binary options and initial coin offerings (ICOs) are still prohibited.

Despite its advertising ban in January, this is not the first sign Facebook's appetite for crypto has changed. In May, it launched a team dedicated to developing blockchain technology, and Cheddar reported that the company was working on creating its own cryptocurrency.

The ban was announced in January, but Facebook said it […]


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Opinion: We Want Bitcoin Results, Not Predictions

Is it safe to say that people are tired of talking about bitcoin? While not necessarily bored by it, they… Read More

5 hours ago

THE BLOCKCHAIN IN ADVERTISING REPORT: Blockchain’s potential to reduce ad fraud and how marketers can get ready

This is a preview of a research report from Business Insider Intelligence . To learn more about Business Insider Intelligence,… Read More

5 hours ago

Blockchain Technology Market 2019 Emerging Technology Research Report by Key Players- Microsoft ,Samsung, IBM, Deloitte,BTL Group, Linux Foundation

New York, NY 16 Sep 2019: – According to a new study published by Polaris Market Research the global blockchain… Read More

5 hours ago

Blockchain to transform most industries in 5-10 years

(Image: Stockfresh) Pro 16 September 2019 | 0Research firm Gartner, whose past evaluations of blockchain have been conservative to say… Read More

5 hours ago

Bitcoin was Facebook’s first choice says Abra’s CEO

Bill Barhydt, CEO of Bitcoin investment platform Abra , claims that Facebook staffers told him the company wanted to use… Read More

5 hours ago

Is This The Biggest Threat To Bitcoin, Crypto, And Facebook’s Libra?

Bitcoin and crypto investors were put on notice this week when French and German government officials backed European Central Bank… Read More

5 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More