Facebook Removed Ban on Crypto and Blockchain Ads

After one year of restrictions, Facebook decided to remove the ban on cryptocurrency and blockchain based ads.

In January 2018 Facebook the social media firm has been decided that the ads involving blockchain technology, Educational information, industry news and event that are related to cryptocurrency have to take prior written approval before displaying add.

But On May 8, Facebook updated its advertisement policy and announce that the restrictions on cryptocurrency and blockchain related ads have been lifted. However, it was also clear from Facebook that they will continue to ban ads on ICO (Initial Coin Offering) as well as ads from binary options due to the complexity and misleading to the peoples. As it confirms by Facebook that they are committed to preventing misleading advertising on a Facebook platform especially in the area of financial products and services. For the reason, people who want to advertise on cryptocurrency and related products like cryptocurrency exchange and mining software and hardware still have to follow a review process.

Due to roll back ads on blockchain projects, it will help in growing blockchain projects. Presently Facebook is having 2.38 billion users and due to change in advertisement policy for cryptocurrency and blockchain will help more peoples to engage who are interested in blockchain and cryptocurrency and the result in growing in blockchain technology.