Facebook ends crypto ad ban

Thursday 2 December 2021 12:03 CET | News

Facebook has decided to reverse its policy that prevented most cryptocurrency companies from running ads on its services.

The move comes after the company tried and failed to launch a cryptocurrency that could be used to send money online to anyone in the world via Facebook products.

Going forward, the company is expanding the number of regulatory licences it accepts to 27 from 3.

The company banned cryptocurrency ads in January 2018 but scaled back that ban slightly in May 2019. The ban had prevented startups in the cryptocurrency and blockchain fields to promote their work and reach potential customers on Facebook and Instagram.

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Keywords: Facebook, cryptocurrency, startup
Categories: DeFi & Crypto & Web3
Countries: World
This article is part of category

DeFi & Crypto & Web3