Facebook has announced that it is banning adverts that mention Bitcoin, Cryptocurrencies and ICO’s. The company is removing misleading and deceptive adverts and this includes anything to do with ICO’s, Bitcoin and other digital currencies.
Facebook is looking to protect its users from potential misleading adverts relating to financial products and it sees a way in doing this by banning these types of adverts.
“We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception. That said, there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith.’ Said Rob Leathern from Facebook.
Hopefully this will go some way stop the sort of scams related to ICO’s web have seen recently as there is now one less place for these ICO’s to be advertised.