Facebook has updated its list of prohibited content to include all advertisements 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 , said the policy would be reviewed over time . The Financial Conduct Authority announced in December that it would increase scrutiny of cryptocurrencies . In January , the Office of the US Securities and Exchange Commission set its staff to " high alert " for initial coin offerings that may conflict with securities regulations .
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 January, the chair of the US Securities and Exchange Commission set its staff to "high alert" for initial coin offerings that could conflict with securities laws.