Facebook has updated its list of prohibited content to include all advertising for cryptocurrencies because they are often "associated with misleading or deceptive promotional practices". “That said, there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith.” The ban extends to Instagram and external Facebook websites as well as the platform itself. Rob Leathern, a product management director at Facebook, promised the policy would be reviewed over time. The Financial Conduct Authority announced in December that it would increase scrutiny of cryptocurrencies. In an interview on CNBC last week, Mr Zuckerberg said he was not worried about regulation from regulators but added crypto-related products were still being developed.
Facebook has updated its list of prohibited content to include all advertising for cryptocurrencies because they are often "associated with misleading or deceptive promotional practices". The ban extends to Instagram and external Facebook websites as well as the platform itself. Rob Leathern, a product management director at Facebook, promised the policy would be reviewed over time. The Financial Conduct Authority announced in December that it would increase scrutiny of cryptocurrencies. In an interview on CNBC last week, Mr Zuckerberg said he was not worried about regulation from regulators but added crypto-related products were still being developed.