Facebook is reversing its ban on cryptocurrency-related ads, though advertisers will have to be pre-approved and initial coin offerings will still be banned.
Facebook is reversing its January ban on cryptocurrency ads, though advertisers will have to be pre-approved and ads related to initial coin offerings or binary options are still be prohibited, the company announced in a blog post.
Facebook's original ban was intentionally broad at a time when cryptocurrencies like bitcoin were booming, and the largely unregulated space was spawning high-profile scams. (Bitcoin recently fell below $6,000, down from a high of nearly $20,000 in December 2017.) Following Facebook's lead, Google, Twitter, and Snapchat all instituted similar bans earlier this year.