Facebook has eased restrictions on ads for cryptocurrencies and initial coin offerings ( ICOs ) . The social media giant introduced the ban in January , saying it was protecting consumers from theft and frauds associated with digital currency . But Facebook will now permit ads promoting coins and other such items from pre - approved advertisers . To get permission , consumers will have to disclose any licences they have , say whether they are traded on a public stock exchange and provide any other relevant information .
Facebook has eased restrictions on ads for cryptocurrencies and initial coin offerings (ICOs). The social media giant introduced the ban in January, saying it was protecting users from scams and frauds associated with digital currencies. But Facebook will now permit ads promoting cryptocurrencies and other such content from pre-approved advertisers. To get permission, advertisers will have to disclose any licences they have, say whether they are traded on a public stock exchange and provide any other relevant information.