UPDATE: Facebook Backtracks on Its Ban of Cryptocurrency Ads

Advertisements are welcomed under certain circumstances.

By
Tech
5,941 Hypes 3 Comments

UPDATE: Facebook says it will now accept pre-approved advertisers promoting crypto products under certain circumstances. Advertisers will have to go through a vetting process from the company if they’re interested in promotion, but ads for binary options and initial coin offerings (ICOs) remain banned.


In Facebook‘s ongoing battle to enforce better advertisement on its platform, the social media network will ban all ads promoting cryptocurrencies for being “frequently associated with misleading or deceptive promotional practices.” The new policy also prohibits binary options and initial coin offerings; the example “New ICO! Buy tokens at a 15 percent discount NOW!” is offered as the type of ads it would like to dispose of on its site.

Facebook has described the new policy as “intentionally broad while we work to better detect deceptive and misleading advertising practices.” It will encompass Facebook as well as Instagram ‘soon’ and be revisited upon in the near future. In other Facebook news, the platform promises to roll out constructive changes in its news feed feature.

Read Full Article
Source
Engadget

Join Our Discussions on Discord

The HYPEBEAST Discord Server is a community where conversations on cultural topics can be taken further.

715 Users Online

What to Read Next

G-SHOCK x ASICS GEL-Mai Collab Receives Premium Package
Footwear

G-SHOCK x ASICS GEL-Mai Collab Receives Premium Package

An exclusive case to house your sneakers and watch.

A First Look at Brad Pitt & Leonardo DiCaprio in Tarantino's 'Once Upon a Time in Hollywood'
Entertainment

A First Look at Brad Pitt & Leonardo DiCaprio in Tarantino's 'Once Upon a Time in Hollywood'

Set in the summer of 1969.

New Gen Summer 2018: Best Music Artists on the Come Up
Music 

New Gen Summer 2018: Best Music Artists on the Come Up

Ten artists to put on your radar for summertime.


'Fortnite' Gets a Four-Player Playground Practice Mode
Gaming

'Fortnite' Gets a Four-Player Playground Practice Mode

It’s finally here.

Yung Bans Releases Self-Titled 'Volume 5' EP
Music

Yung Bans Releases Self-Titled 'Volume 5' EP

Featuring appearances from YBN Nahmir, Juice WRLD, Landon Cube and more.

Nike's Air Max Plus Has Returned in "Scream Green"
Footwear

Nike's Air Max Plus Has Returned in "Scream Green"

A new flavor added to the batch.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.