Facebook To Lift Some Restrictions On Ad Policies For Blockchain Products

While updating its ad policies, Facebook has announced that the social networking company will reduce some restrictions on how crypto services and products are circulating on its platform.

In June 2018, Facebook set up a new requirement on its ad policies, in which all advertisements relating to blockchain technology, crypto events or news, as well as blockchain education had to get written approval before being delivered on its platform. However, the year 2019 has marked a new change: This requirement will no longer take into effect.

On May 08, Facebook wrote a post on its blog,

The company will apply a strict review process to consider licenses which advertisers have had and check whether the ads are available on a stock exchange as well as other public backgrounds or not.

Besides, Facebook hopes to reduce the spread of misinformation relating to financial topics as well as the promotion in its app collection. That’s why the company has deployed updates to Prohibited Financial Products and Services Policy. According to its post,

Back to January last year, the tech giant banned advertisers from trading a series of ads which promoted Initial Coin Offerings (ICOs), cryptocurrency including binary options and bitcoin on all of its platforms, from Messenger, Instagram, and Audience Network.