Facebook Lifts Ban On Cryptocurrency Ads On Its Platforms
Meta, formerly known as Facebook, has lifted its restriction on cryptocurrency ads across all of its platforms. The move will give bitcoin exchanges, wallets and other crypto companies access to more than 3 billion people around the world who use the firm’s various platforms, which include Instagram, WhatsApp and Facebook itself. Facebook was not the only company to combat crypto ads. Google banned cryptocurrency ads in March of 2018, a few months after Facebook’s decision. The ban was first enacted in January 2018, with the goal of prohibiting "misleading or deceptive promotional practices" such as initial coin offerings (ICOs), which grew in popularity during the 2017/18 crypto market surge. Since then, the cryptocurrency industry has progressed significantly, with notable milestones including Coinbase's Nasdaq listing as the first crypto exchange, El Salvador's recognition of bitcoin as legal tender, and massive corporate investment in cryptocurrency by companies such as MicroStrategy, SpaceX, and Tesla. “We’re doing this because the cryptocurrency landscape has continued to mature and stabilise in recent...
