Facebook has a new advertising policy pertaining to cryptocurrency, binary options and initial coin offerings. The policy specifically prohibits ads that promote those types of products and services that are frequently associated with misleading or deceptive practices, Facebook Product Management Director Rob Leathern wrote in a blog post today.
Cryptocurrencies like Bitcoin, Litecoin and Ethereum, and initial coin offerings have all hit the mainstream, which has promptly resulted in a number of scams. While Facebook says it wants people to continue to discover and learn about those products and services, there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith, Leathern wrote.
https://techcrunch.com/2018/01/30/facebook-is-banning-cryptocurrency-and-ico-ads/Well facebook is right about it,I see alot of ads in facebook promoting ponzis and scam projects.
They are just trying to protect users as when people get scammed by these projects, Facebook is taking a hit in the face since users will go and complain about it in Facebook's support.