“We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception,” said Rob Leathern, a product management director at the social network. 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. Leathern , a product management director at Facebook , promised the policy would be reviewed over time. the US Securities and Exchange Commission announced in January that it would increase scrutiny of cryptocurrencies. In December , the chair of The Financial Conduct Authority set its staff to "high alert" for initial coin offerings that could conflict with securities laws.
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. Leathern , a product management director at Facebook , promised the policy would be reviewed over time. the US Securities and Exchange Commission announced in January that it would increase scrutiny of cryptocurrencies. In December , the chair of The Financial Conduct Authority set its staff to "high alert" for initial coin offerings that could conflict with securities laws.