Facebook bans ads for binary options cryptocurrencies and icos
EST Facebook removed the policy violating ads related to cryptocurrency after publication of this story. Well, using latter might help you reach millions of people thanks to Facebook's poorly enforced rules of advertising cryptocurrencies. Facebook bans cryptocurrency ads due to frequent fraud.
Facebook announced last month that it would begin prohibiting ads promoting "financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, or cryptocurrency. But like many Facebook updates and actions, it's far from perfect. Tech founder Matthieu Suiche pointed out this Facebook ad last week that successfully broke through the rules by using "BITC0IN" in the shared text and article headline. Ads are evading new Facebook rules against crypto currencies, and ICOs by misspelling them.
Cryptocurrency and bitcoin aren't the only words of concern. There's also the popular Block Chain a. Facebook restricting ads can be a good thing to help prevent the spread of fraudulent cryptocurrency-related products and ICOs, as my colleague Stan Schroeder wrote. The rules affect companies who argue their offerings are, in fact, regulated. Gab, a Twitter-like service that vehemently defends free speechtried to advertise its ICO on Facebook this week and failed. Facebook won't allow us to run facebook bans ads for binary options cryptocurrencies and icos ad promoting an article about our regulatory-compliant ICO.
So not only are scam ICO's that are breaking securities laws banned from running ads, but also regulatory compliant ICO's that aren't breaking the law. Bad for the future of finance. Free Speech Social Facebook bans ads for binary options cryptocurrencies and icos getongab February 8, Companies hoping to share educational materials and consulting services also fall under the Facebook's restrictions. For example, Crypto Tax Prep, a service to help people pay taxes on crypto payouts, is unable to advertise.
Draper University also has been unable to share ads about their courses on cryptocurrency. Such restrictions means Facebook is limiting its community's access to helpful information. Of course, these rules only apply to facebook bans ads for binary options cryptocurrencies and icos. Facebook users could share crypto-related posts on their personal timelines or on Pages or in Groups.
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