Facebook Gives Crypto Ads the Thumbs Down.
Facebook has issued an outright ban. As of a new ruling issued on January 30, ads must not promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, or cryptocurrency. The move is sure to be welcomed by Facebook users and bitcoin enthusiasts alike, who recognize that these adverts do little to promote the benefits of cryptocurrency.
https://web.facebook.com/policies/ads/prohibited_content/prohibited_financial_products_and_servicesI argue that it is a right and proper decision. It is quite easy to fool people with no knowledge and inexperience with good ads. In addition, many people are jumping into this trap when high profits are claimed. That is why it was decided with the aim of being a precautionary measure. It is necessary to stay behind this decision, hopefully soon the decision will not change.