Facebook is lifting its ban on cryptocurrency ads which went into effect in January. After months of evaluation, the company decided to allow some crypto ads on its platform. Advertisers must submit a request form with details of their businesses and the types of crypto content to be promoted.
Starting June 26, well be updating our policy to allow ads that promote cryptocurrency and related content from pre-approved advertisers. But well continue to prohibit ads that promote binary options and initial coin offerings.
https://news.bitcoin.comIf Facebook has removed the advertising ban on cryptocurrency, it will have a good impact on both parties. Because we all know that Facebook has the most users in the world and with Facebook, awareness of bitcoin will increase among people all over the world. If knowledge of bitcoin increases, the demand for bitcoin will increase. This will increase the price of bitcoin. And Facebook will also get revenue from each crypto ad.