Facebook Inc to ban ads related to cryptocurrency across platforms

The new policy will be implemented across its platforms, including Facebook, Audience Network, and Instagram

Facebook
Facebook’s move comes amid pressure from large states that accuse Facebook of slashing their tax bills by re-routing their EU profits to low-tax countries
Reuters
Last Updated : Jan 31 2018 | 7:18 AM IST

Facebook Inc said on Tuesday it will ban ads promoting financial products and services tied to cryptocurrencies and initial coin offerings.

"We've created a new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, and cryptocurrency," Facebook's product management director, Rob Leathern, said.

The new policy will be implemented across its platforms, including Facebook, Audience Network, and Instagram, the company said. 

 

 

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First Published: Jan 31 2018 | 7:18 AM IST

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