Facebook says the ban applies to all electronic money-related ads, including the sale of bitcoin diggers.
Facebook prohibits ads related to electronic money, ICO
The world's largest social network Facebook has announced the ban on ads related to the number because of the belief that these content is often confusing or fraudulent.
Although bitcoin has experienced a steep decline, from the beginning of 2017 to now, the price of electronic money has increased 10 times. However, the rise of bitcoin also makes many people doubt and fear of fraud. The US Securities and Exchange Commission recently frozen the assets of an $ 600 million ICO deal.
A spokesman for Facebook said the ban applies to all electronic money-related ads, including the sale of bitcoin digging equipment.
"We want people to continue exploring and learning new products and services through Facebook without risking fraud," said Rob Leathern, product manager for Facebook. Now many companies that advertise on binary options, ICO or electronic money are not very transparent. We will try to review such ads and then block them on the social networking sites of the company. like Facebook, Audience Network or Instagram.