Breaking News: Facebook is reversing its ban on cryptocurrency ads

Eren Sengezer FXStreet

Quoting Recode.net, Reuters recently reported that Facebook has reversed its decision to ban cryptocurrency ads.

Reportedly, Facebook will now allow preapproved advertisers to promote crypto businesses and services, like exchanges. However, ads promoting ICOs and binary options are still banned.

"Interested advertisers may have to show Facebook “licenses they have obtained, whether they are traded on a public stock exchange, and other relevant public background on their business” in order to receive permission to run crypto ads," Recode.net wrote.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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