Facebook banned advertising of crypto-currencies and ICO

Against the backdrop of numerous complaints of spam and fraudulent ads related to crypto-currency, representatives of the social network Facebook announced a ban placed on its platform advertising cryptocurrencies binary options and the initial placement of tokens (ICO).

According to company representatives, this will cause the approval of Facebook users and supporters of Bitcoin, who recognize that fraudulent ads may not promote the development of cryptocurrencies.

«We want people to continue to learn in the advertised products on Facebook information about cryptocurrencies binary options and ICO without fear of fraud or deception. Now, unfortunately, not all ads belong to bona fide citizens», – said the Director of product management of the company Rob Lesern.

The new rules also will apply to other platform-Facebook, in particular, Audience Network, and Instagram.

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